Saradha Group top official arrested

Published: 02nd June 2013 05:00 PM  |   Last Updated: 02nd June 2013 05:05 PM   |  A+A-


A top official of ponzi scheme Saradha Group, who had been absconding for the past two months, was arrested at Purba Jadavpur on the outskirts of Kolkata, police said today.

Arindam Das alias Bumba was arrested while trying to flee from a place at Purba Jadavpur last night, the police said.

He allegedly swindled thousands of investors of South 24-Parganas district by not depositing the money in the head office of Saradha Group, sources said.

Saradha Group chairman Sudipta Sen also alleged that Das, as the main official looking after the deposit of money from investors in the district, stole the deposits.

An auto-rickshaw driver, Das would buy property for the chit fund company in the beginning and later allegedly stole the money, the sources said.

Sub-Divisional Judicial Magistrate of Baruipur, Debdip Manna remanded Das in 14 days police custody when he was produced before him today.       

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp