CBI on Saturday arrested a former Managing Director and a Director of Rose Valley Group in connection with the chit fund scam.
CBI sources said the then Managing Director Shibamoy Dutta and Director Ashok Kumar Saha were taken into custody in connection with the case.
“The said Managing Director was also the Director of a number of companies of the said group including the two public deposit collecting companies. The investigation so far revealed that he was actively involved in cheating the general public and misappropriation of public funds,” CBI spokesperson Devpreet Singh said here today.
The other Director also had a long association with the group and allegedly conspired with its Chief Managing Director in cheating and misappropriation of public funds, she said.
The spokesperson said he was also the director of a number of companies of the group including the two public deposit collecting companies.
“The said MD, from Kolkata, was allegedly instrumental in operations in West Bengal and the said director, a resident of Agartala was the main person in Tripura,” the spokesperson said.
The CBI spokesperson said the group was alleged to have collected more than Rs 10,000 crore (approx) from the public i.e the collection of public deposits was at least four times more than other (Saradha) Group of Companies based at Kolkata.
Both the arrested persons will be produced in the Court tomorrow, she said.