West Bengal: CMD, Director of Jungantor group arrested in Ponzi scam

Kolkata (West Bengal) [india], Dec 4 (ANI): The Central Bureau of Investigation (CBI) has arrested the CMD of Jungantor Realty Limited and director of Jangantor Gold and Jewelry for duping investors through a ponzi scheme and committing fraud of over Rs 78 crore in West Bengal.

The CMD Ajay Chakroborty and director Sanjit were arrested on Tuesday.

It is a case related to Ponzi scheme and the said firm had allegedly collected crores illegally by fraudulently duping the investors, CBI said. During the investigation, it was found that these two accused in a joint criminal conspiracy with other company had illegally collected the money under various fraudulent schemes assuring higher returns.After the arrest, the duo was produced in Asansol court. (ANI)