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CBI arrests 2 of ponzi scheme firm for duping investors

CBI arrests 2 of ponzi scheme firm for duping investors

Kolkata, Dec 3 (SocialNews.XYZ) The Central Bureau of Investigation (CBI) on Tuesday said it had arrested a CMD and a Director of a ponzi scheme company in West Bengal in connection with a chit fund case probe.

Arrested persons are Ajay Chakraborty, CMD, and Sanjit Chakraborty, Director, both of Jugantor Realty and Jugantor Gold and Jewellery.

The CBI had registered a case against the accused on the allegation that they, in pursuance to a criminal conspiracy with other directors of the company and group companies, had illegally collected Rs 78 crore from investors under various fraudulent schemes, which assured high returns on maturity.

 

The accused shut the company and misappropriated the money.

Source: IANS

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CBI arrests 2 of ponzi scheme firm for duping investors

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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