Chit fund scam: CBI quizzes businessmen

Chit fund scam: CBI quizzes businessmen

The CBI on Wednesday grilled Kolkata-based entrepreneur Santanu Ghosh, also the chairman of the now-defunct Xenitis Group, and another businessman Rajesh Bajaj, based in Assam, in connection with the multi-crore-rupee Saradha scam.

Ghosh, whose business ventures included computer and computer components manufacturing and automobile business, is said to have taken a huge loan from the Saradha group, but did not return the money.

He reached the Central Bureau of Investigation (CBI) office at the Central Government Office Complex in Salt Lake area at 11.30 am after receiving the summons.

Ghosh was earlier arrested June 24 by the Enforcement Directorate, which is also probing the scandal. He got conditional bail two days back as the agency was yet to submit a chargesheet. He was nabbed by the Enforcement Directorate under the Prevention of Money Laundering Act.

Guwahati-based businessman Bajaj, who too faced CBI grilling, said the government should have arrested the chit fund masterminds four-five years back.

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