<div>The city police here on Sunday arrested one Firoze Khan, the MD of Safex Infra India, another chit fund company currently under investigation by the CBI. <br /><br />He has been on the run for a long time. After his arrest, the city police handed him over to the premier investigating agency. <br /><br />Khan’s chit fund company which had been charged with siphoning nearly Rupees 25 crore deposited by common investors was earlier being probed by the crime branch of the state police. <br /><br />In fact, the crime branch had arrested eight officials of the tainted company including four of its directors. However, Khan has been nabbed for the first time. <br /><br />The CBI is currently probing into the illegal activities of more than 41 chit fund companies which were operating both inside the state and outside on the direction of the Supreme Court. <br /><br />The crime branch of the state police is also conducting its own investigation in the multi-crore scam separately.<br /><br />Several high-profile individuals including one sitting MP and a sitting MLA besides a couple of farmer MLAs and owners of state-based media companies have already been arrested by the CBI in connection with the multi-crore scam. While a senior sitting BJD MLA Prabhat Tripathy is already out of prison on bail, a sitting BJD Lok Sabha member, Rama Chandra Hansdah is still behind the bars. <br /></div>
<div>The city police here on Sunday arrested one Firoze Khan, the MD of Safex Infra India, another chit fund company currently under investigation by the CBI. <br /><br />He has been on the run for a long time. After his arrest, the city police handed him over to the premier investigating agency. <br /><br />Khan’s chit fund company which had been charged with siphoning nearly Rupees 25 crore deposited by common investors was earlier being probed by the crime branch of the state police. <br /><br />In fact, the crime branch had arrested eight officials of the tainted company including four of its directors. However, Khan has been nabbed for the first time. <br /><br />The CBI is currently probing into the illegal activities of more than 41 chit fund companies which were operating both inside the state and outside on the direction of the Supreme Court. <br /><br />The crime branch of the state police is also conducting its own investigation in the multi-crore scam separately.<br /><br />Several high-profile individuals including one sitting MP and a sitting MLA besides a couple of farmer MLAs and owners of state-based media companies have already been arrested by the CBI in connection with the multi-crore scam. While a senior sitting BJD MLA Prabhat Tripathy is already out of prison on bail, a sitting BJD Lok Sabha member, Rama Chandra Hansdah is still behind the bars. <br /></div>
