The Central Bureau of Investigation (CBI) has arrested the director of a non-public agency in an ongoing investigation of a case registered in 2018 in reference to a discount fund rip-off.
The accused was recognized as Sanjoy Kumar Singh, director of Tulips Infonet (India) Non-public Restricted.
In keeping with the CBI, Singh got here into contact with Soumyarup Bhowmik, the then chairman of Burdwan Sunmarg Welfare Organisation (a “ponzi firm”), in 2011.
“Singh in conspiracy with Bhowmik had illegally transferred `419.9 lakh from the belief account and misappropriated the identical. Singh facilitated Bhowmik in opening a checking account in Durgapur by issuing a false id and handle certificates,” a CBI spokesperson mentioned.
The accused shall be produced earlier than the court docket of Chief Judicial Justice of the Peace, Paschim Bardhaman, at Asansol (West Bengal).