CBI arrests an absconding accused in an ongoing investigation case

23-11-2020:The Central Bureau of Investigation has arrested an absconding accused in an ongoing investigation of a case.

A case was registered against a private Group of Companies (a Ponzy Company) based at Kolkata, West Bengal, and others. It was alleged that the Managing Director in pursuance to a conspiracy with other Directors of said Group of Companies (a Ponzi Company) had illegally collected Rs. 454.54 crore (approx.) from the investors under various fraudulent schemes on the assurance of paying high returns on such investments on maturity. It was further alleged that the accused fled away after cheating the said investors and misappropriated the invested money.

The arrested accused was produced before the Court of ACJM, Baruipur (West Bengal) and remanded to 10 days Police Custody.