CBI nabs five in Ponzi scam


New Delhi: CBI on Monday arrested five suspects in the ponzi scam case related to Win Realcon which has allegedly duped gullible investors by siphoning off their deposits worth crores.

Mahitosh Ganguly, Joy Bhowmick, Rajib Debnath, Partha Pratim Roy and Raju Dey all linked with the company Win Realcon were arrested today from West Bengal, agency sources said.

They said company allegedly lured investors offering them attractive interest rates on their deposits and after collecting crores of rupees the company did not repay them.

A complaint was lodged against Win Realcon in November 2014. Earlier this year, the office and residence of the company officials in different parts of North 24 Parganas district were searched.

Other than five cases against Saradha Group, cases have been registered against at least half a dozen non-Saradha companies by the CBI.

These cases were registered as per the Supreme Court order dated May 9, 2014 where the apex court directed the CBI to probe the operations of chit fund companies.

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 and also probed the role of some officials of Securities Exchange Board of India ( SEBI) and RBI in the matter.

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