Trinamool MP arrested in chit fund scam

Kolkata: Tapas Pal, a senior leader of Mamata Banerjee's Trinamool Congress, has been arrested in Kolkata in connection with a chit fund scam.

Pal, who was summoned by the Central Bureau of Investigation (CBI) three days ago, presented himself at the agency’s regional office here and was arrested after questioning, sources said. He used to be a director in Rose Valley, a Ponzi firm company accused of cheating thousands of investors of a whopping Rs 17000 Crore. Officials say Pal is suspected to have illegally benefited from Rose Valley.

The Trinamool has alleged that the Centre was using the CBI to target its leader for political vendetta because of its aggressive opposition to Prime Minister Narendra Modi’s demonetisation move. West Bengal Chief Minister Mamata Banerjee had demanded the PM’s resignation alleging that he had failed to deliver on his commitment to resolve the problems arising out of demonetisation by the end of the year.



Please enter your comment!
Please enter your name here