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Updated December 4th, 2019 at 13:59 IST

Bengal: CBI arrests two of Ponzi scheme firm for duping investors

The CBI has arrested a CMD and a director of a company for duping investors of a Ponzi scheme to the tune of Rs 78 crore in West Bengal, officials said

West Bengal
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The CBI has arrested a CMD and a director of a company for duping investors of a Ponzi scheme to the tune of Rs 78 crore in West Bengal, officials said on Tuesday. Ajay Chakraborty is the chairman-cum-managing director of Jugantor Realty and Jugantor Gold and Jewellery and Sanjit Chakraborty is its director, they said.

READ | Parliament passes bill to curb ponzi schemes; protect poor investors

READ | CBI registers another FIR in IMA ponzi scam

The duo were produced in Asansol court

The company had allegedly collected Rs 78 crore illegally from investors fraudulently, CBI spokesperson Nitin Wakankar said. He said the accused closed the company and misappropriated the money invested. After the arrest, the duo was produced in Asansol court. 

READ | CBI files second chargesheet in IMA ponzi case, names two in scam

READ | CBI probe on IMA ponzi scam: IAS Rajkumar Khatri questioned

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Published December 4th, 2019 at 12:59 IST

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