Kolkata: Vibgyor Group Owner Raja Bhadra Arrested In Chit-fund Scam on Tuesday from Delhi Airport. Police alredy issued look out notice for him. According to police, he has been arrested for taking illegally 500 crores from investors.
Earlier, The Kolkata Police has arrested director of Vibgyor Group, Biswarup Ghatak, for allegedly involved in several cheating cases. Ghatak, against whom several cases were pending, was absconding since last year. He was picked up from a hide-out in the Moulali area, the police said.
Ghatak when produced at a local court was remanded to police custody. Vibgyor company is involved in cheating public by offering lucrative offers and asking them to invest with the Group, the police said, adding that after investment the company refused to return investors money. This company is owned by Mr.Raja bhadra.