STOCK MARKET BSE NSE

Saradha Realty Director Remanded in CBI Custody for 4 Days

Published: 18th January 2015 08:23 PM  |   Last Updated: 18th January 2015 08:23 PM   |  A+A-

By PTI

KOLKATA: Shib Narayan Das, director of Kolkata-based Saradha Realty, was today remanded in CBI custody for four days by a city court in connection with the multi-crore chit fund scam.    

CBI had arrested Das in Kolkata yesterday and seized a fully-loaded .38 calibre revolver from him.     

Das was produced before the Alipore court today. He would be produced before the court again on January 22.  

He had allegedly suggested to the Saradha Group chairman Sudipto Sen to start a chit fund company and lure investors to deposit in their schemes in 2008.          

CBI sources said that after founding the Saradha Group on July 8, 2008, Sen had appointed Das as the director and shareholder.  

According to sources, it was suggested by Das that while 30 per cent of the deposits would be retained by them, the rest could be returned to investors after 10-12 years at a decent interest.



Comments

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 newindianexpress.com 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 newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com 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. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp