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News updated at 9:29 AM IST

Two Saradha Group agents among three held

Burdwan (WB), Apr 20, 2013 (PTI): 18:41 IST
Three persons related to 'chit fund' companies including two from the Saradha Group were today arrested from Burdwan district following complaints against them by investors, the police said.

Madhab Das and Jayanta Chowdhury, agents of the Saradha Group, were arrested from Heeragachhi area of Burdwan town.

One of the directors of Saradha Group was arrested yesterday from Kolkata while its Chairman and Managing Director Sudipta Sen was still at large.

With a huge default in repayments, the Saradha Group is virtually on the verge of collapse.

Pressure on its finances recently forced the group to wind up at least 10 media organisations, including newspapers and television channels it had launched or acquired since 2010-11.

The third person to be arrested was Jayanta Das, manager of Espen Group, another chit fund company, the sources said.
He was arrested from Gupta Market of Memari in Burdwan district.

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