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Crime
CBI arrests former Bengal police chief in Saradha scam
10-09-2014

KOLKATA: The CBI on Tuesday arrested former Director General of West Bengal Police Rajat Majumdar in connection with the multi-crore-rupee Saradha chit fund scam. “He has been arrested on grounds of conspiracy, cheating and misappropriation of funds,” said a spokesperson for the Central Bureau of Investigation (CBI).

Probing the scandal, the CBI earlier grilled Majumdar, who worked as a security advisor for the tainted company, for the second time during the day.

Majumdar, who had worked as Director General (Armed Police) in West Bengal, was allegedly associated with Saradha Group, which has been accused of duping thousands of investors with crore of rupees, official sources said.

Majumdar, who has been denying allegations against him, will be produced before a designated court here, CBI said.

Majumdar's name cropped up after suspended Trinamool Congress Rajya Sabha member Kunal Ghosh, now behind bars, accused the former Indian Police Service officer of swindling crores of rupees in organising a cultural programme in Las Vegas in 2012.

Majumdar joined Trinamool in recent years, and served as the party's poll observer for Birbhum district for the 2013 panchayat election. He faced the first round of questioning Aug 23.

On Aug 14, CBI sleuths raided Majumdar's residence and seized many documents. The agency has registered four FIRs against Saradha Group in the chit fund scam.

The Supreme Court had handed over the Saradha chit fund scam probe to CBI and asked the state governments to provide all logistical help to the agency's team investigating the matter.

CBI has formed a Special Investigating Team (SIT) headed by Joint Director Rajiv Singh also probe the role of some officials of Securities Exchange Board of India (SEBI) and RBI, the sources said.