Pranab Chatterjee (Image: News18)
He said the alleged role of Chatterjee, who is not named in the FIR, had come to the fore during a three-year-long probe against chit fund schemes allegedly run by Sanmarg Kalyan Sangathan.
- PTI New Delhi
- Last Update:December 10, 2021, 23:22 IST
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The CBI has arrested Trinamool Congress leader and West Bengal’s Burdwan Municipality President Pranab Chatterjee for allegedly misappropriating Rs 3.74 crore from a trust running a chit fund scheme. Officials gave this information on Friday. He said Chatterjee’s alleged role, not named in the FIR, had come to the fore during a three-year-long probe against chit fund schemes allegedly run by the Sanmarg Kalyan Sangathan. Chatterjee was arrested on Friday and produced before a competent court in Asansol, which sent him to two-day CBI custody. Officials said that during the probe, the Central Bureau of Investigation (CBI) found that the Chatterjee Trust was closely associated with the Sanmarg Welfare Organization and the trustees. Chatterjee was allegedly involved in the registration of the trust and allowed the trust to carry on the business of collection of illegal deposits from its commercial premises. CBI spokesperson RC Joshi said, “During investigation it was also alleged that the accused (Chatterjee) in conspiracy with other accused (trustees) misappropriated Rs 3.74 crore from the trust for personal use in various ways.”
In its FIR, the CBI alleged that Sunmarg Welfare Organisation’s chairman, accused Soumarup Bhowmik and others had lured the public at large to invest in its schemes with the promise of higher rate of return on maturity without requisite permission from regulatory authorities. attracted without “It was further alleged that a large number of investors invested their hard earned money with the trust. It was also alleged that the trustees failed to repay the maturity amount, cheated the investors, misappropriated their hard earned money, Branches closed and ran away,” said a CBI spokesperson. The CBI took over the investigation of chit fund fraud cases in West Bengal and Odisha on May 9, 2014, on the directions of the Supreme Court.
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