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Updated on: Tuesday, October 29, 2019, 07:29 PM IST

CBI arrests Pailan Group MD Apurba Kumar Saha in ponzi scam

PTI
Central Bureau of Investigation logo at CBI HQ, in New Delhi | PTI Photo

Central Bureau of Investigation logo at CBI HQ, in New Delhi | PTI Photo

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New Delhi: The CBI has arrested Apurba Kumar Saha, the chairman and managing director of Pailan Group, in connection with a Rs 574-crore ponzi scam case, officials said on Tuesday.

The CBI had registered a case against the group in 2017 for allegedly luring investors by promising high returns on investments, they said. The group had allegedly failed to pay returns to the investors of its ponzi scheme, they said. The agency has arrested Saha from Kolkata, they said.

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Published on: Tuesday, October 29, 2019, 07:29 PM IST
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