Saradha scam: East Bengal club official arrested
The CBI arrested Debabrata Sarkar after quizzing him for several hours here, reports said.
According to reports, incriminating documents and Fixed Deposit Receipts worth Rs 25 lakh were recovered from his residence when the CBI carried out searches in it.
The Saradha Group that went bust last year left lakhs of depositors in a fix.
Sudipta Sen, the Chairman and Managing Director of Saradha Group, which allegedly defrauded thousands of small investors, is now in jail in the ponzi scam.
Sen and Saradha Group director Debjani Mukherjee were arrested in April 2013 from Jammu and Kashmir.
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