CBI arrests founder of Saradha realty

Abhishek Law Kolkata | Updated on January 24, 2018 Published on January 17, 2015

Conducts raids against other ponzi operators in W Bengal

The Central Bureau of Investigation (CBI) on Saturday arrested Shivnarayan Das in connection with the Saradha scam. Das is reported to be one of the many advisors of the Saradha CMD, Sudipta Sen.

According to CBI spokesperson, Das was a founder member of Saradha Realty, an outfit of the Saradha Group. He is said to have convinced the Group Chairman to launch ponzi schemes.

Notice had earlier been served at Das’ residence. He neither received them; nor did he join the investigation.

“He was on the run. On getting source information today, he was detained. After thorough interrogation, he was arrested," the spokesperson said.

A 0.38 fully loaded revolver along with ammunition was aldo seized from the accused.

The Saradha Group, which ran several money collection schemes in West Bengal and the neighbouring States, went bust in April 2013. It duped thousands of small investors in these States.

Group Chairman, Sudipta Sen was later that month arrested by the West Bengal police from Jammu and Kashmir. He has since then been in jail.

This apart, Trinamool Congress MPs – Kunal Ghosh and Srinjoy Bose; West Bengal Sports and Transport Minister, Madan Mitra and party functionary Rajat Majumdar arrested in connection with the Saradha scam.

Non-Saradha Companies

Meanwhile, the CBI has also started initiating action against non-Saradha companies that are involved in deposit taking schemes in the State.

At least 30 teams of CBI investigators on Saturday conducted raids at nine locations in North 24 paragana and in the city.

These locations include the offices and residences of the directors of a deposit-taking company called Win Realcon.

Earlier, the central investigation agency had registered cases against the company.

Published on January 17, 2015
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