Ponzi Racket: Now Rs 2,000 cr Ponzi racket detected in West Bengal


The Directorate of Financial Offences (DEO), the investigation wing of the West Bengal finance division, has claimed to have unearthed a Ponzi racket within the state involving a monetary embezzlement of round Rs 2,000 crore.

A state monetary reliable mentioned that from Sunday afternoon until past due evening, the sleuths of the DEO performed a marathon raid and seek operations on the place of abode of a Kolkata- founded businessman, Amarnath Shroff at Harish Mukherjee Highway in south Kolkata.

“Some other Kolkata-based businessman, Shanti Surana used to be arrested just lately from his place of abode at Ballygunge additionally in south Kolkata. To start with, it used to be perceived that Surana used to be the only and handiest mind in the back of the Ponzi racket. Alternatively, throughout interrogation he admitted that he had a spouse within the trade, named Amarnath Shroff. Accordingly, raid and seek operations have been performed at his place of abode,” the reliable mentioned.

It’s learnt, Shroff, additionally an actual property promoter together with Surana had allured a variety of individuals to put money into actual property promotional schemes towards guarantees of hefty returns. State finance division assets mentioned that the objective of the duo have been principally the moneyed elderly individuals with their youngsters staying clear of them.

“On this procedure they raised about Rs 25 lakhs to Rs 3 crore on a mean. We now have traced one such person who invested over Rs 10 crore on this Ponzi trade. The overall price range amassed through the duo used to be to the track of round Rs 2,000 crore,” a state finance division reliable.

It’s learnt that within the marathon raid and seek operations from Sunday afternoon until past due evening, the DEO officers seized a number of incriminating paperwork associated with the Ponzi trade. “Our investigating officers suspect that some extra other folks may well be concerned on this risk and they’re seeking to observe them thru exam of the paperwork,” the state finance division reliable mentioned.



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