CBI arrests editor in chit fund scam

first_imgThe Central Bureau of Investigation (CBI) arrested Suman Chattopadhyay, editor of Bengali daily Ei Somoy, in Kolkata on Thursday. Mr Chattopadhyay was arrested after he failed to clarify certain financial transactions with I-Core Group, a Ponzi company, which is being probed for alleged financial irregularities. According to the CBI, investigation has revealed that funds collected by the I-Core Group were allegedly diverted to the accounts of M/s DPMPL as well as personal account of Mr. Chattopadhyay. Mr Chattopadhyay is a director of M/s DPMPL. He will be produced before the court of Special Chief Judicial Magistrate, Bhubaneswar, on Friday. Since 2014, the CBI and the Enforcement Directorate have interrogated Mr. Chattopadhyay on many occasions in connection with the financial scam. The allegation against Mr. Chattopadhyay is that he “took money from various chit fund companies and divested it through M/s Disha Productions”. The Supreme Court had in 2014 directed investigating agencies to probe the Ponzi scam where several companies in West Bengal and adjoining States had illegally raised deposits of over thousands of crore from people promising them higher return. Known for his proximity to West Bengal Chief Minister Mamata Banerjee, Mr. Chattopadhyay had planned her campaigns in the past. Later, Ms. Banerjee and Mr. Chattopadhyay had fallen out, sources said.last_img

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