"The ED had earlier arrested Sen's son and wife."
Kolkata, June 24 - A businessman here was arrested by the Enforcement Directorate Tuesday for his involvement in the multi-billion rupees Saradha chit fund scam.

The businessman, who is into computer and computer components manufacturing and automobiles, is said to have taken a huge loan from the Saradha Group, but did not return the money.

He was nabbed under the Prevention of Money Laundering Act after thorough questioning, and would be presented in court Wednesday, sources said.

He is the tenth person to be arrested by the security agencies in connection with the scam.

The state police had earlier taken into custody six people including Saradha group head and alleged scam kinpin Sudipta Sen, and five other officials of the group. One of those arrested is Trinamool Congress Rajya Sabha member Kunal Ghosh, who headed the Group's media arm.

All six are now under the custody of the Central Bureau of Investigation, which is now probing the scandal.

The ED had earlier arrested Sen's son and wife.

The Saradha scam came to light in April 2013 after the group downed shutters without repaying lakhs of investors, who had parked their hard earned money in the group companies lured by the promise of astronomically high returns.


comments powered by Disqus
Read more on:
 TRINAMOOL (4381 views)
 

PERMALINK

http://www.nerve.in/news:2535002383612
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.