CBI arrests private company CMD from Maharashtra in Chit Fund Scam case

Central Bureau of Investigation yesterday arrested a Chief Managing Director of a private company from Maharashtra in an on-going investigation of a case related to Chit Fund Scam.

 

As informed by CBI, accused Dibakar Das of Rubi Star Marketing was produced before the Court of ACJM, Barrackpore, North 24 Paraganas, Kolkata and remanded to five-day Police Custody.

 

CBI had registered a case on 8th June 2017 against the CMD of a private company based at North 24 Parganas (West Bengal) and others including two Directors and a Branch Manager.

 

It was alleged that the accused



had entered into conspiracy with an ulterior motive of siphoning off the illegally collected money amounting to 38 crore rupees from the investors under various fraudulent schemes on assurance of paying high returns on such investments on maturity and later closed its operation and fled away by cheating the said investors for their due amount and misappropriated the money invested with the accused company.

 

It was further alleged that more than five crore was also diverted from company’s account to the bank account of CMD, which was misappropriated by the accused.