According to sources, it was advised by Das that while 30 % of the deposits would be retained by them, the rest could be returned to investors after 10-12 years at a decent interest.
Yes Aneek, And it is said that he had reportedly suggested to the Saradha Group chairman Sudipto Sen to start a chit fund company and attract investors to deposit in their schemes in 2008. CBI sources said that after founding the Saradha Group on July 8, 2008, Sen had appointed Das as the director and shareholder.
It was really a shocking news that when he was arrested in yesterday found a fully-loaded 38 calibre revolver from him. He was produced before the Alipore court today. He would be produced before the court again on January 22.
Kolkata-based Saradha Realtys' director Shib Narayan Das was today remanded in CBI custody for 4 days by a city court in connection with the multi-crore chit fund scam.