The West Bengal police had provided the local police with a description of Sudipta Sen, promoter of the Saradha group involved in ponzie schemes and his two aides.
They had even specified the location where they were suspected to be.
A senior officer of Kashmir police told Freepress that the trio fit in the description provided by the Bengal police. But he said they will be formally arrested only after their identity is clearly established.
“The Bengal police team is on its way,” he says.
The West Bengal-based Saradha Group was one of the largest chit fund companies in eastern India.
Its promoter, Sudipta Sen, is known as the king of ponzie schemes, paying returns from the money paid by subsequent investors, rather than from the profits generated from legitimate businesses.
Sen reportedly fled WB with a Rs 20,000 cr kitty, leaving lakhs of people, many of them poor, cheated and devastated.
(Free Press Kashmir)
