ED, Kolkata has arrested the promoters of M/s Prayag Group of Companies, Basudeb Bagchi and Avik Bagchi, in connection with a money laundering case related to a chit fund scam

News Anti-Bribery & Corruption Sanctions & Fines

Date: 29th Nov, 2024 Source: Enforcement Directorate (ED) Country: India Original Source

Brief

"On 29/11/2024", the "Enforcement Directorate (ED)" issued an update regarding "ED, Kolkata has arrested the promoters of M/s Prayag Group of Companies, Basudeb Bagchi and Avik Bagchi, in connection with a money laundering case related to a chit fund scam". The duo is accused of defrauding public by collecting deposits worth Rs. 2,800 Crore under false schemes, with Rs. 1,900 Crore remaining unpaid.

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Enforcement Directorate (ED)

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ED, Kolkata has arrested the promoters of M/s Prayag Group of Companies, Basudeb Bagchi and Avik Bagchi, in connection with a money laundering case related to a chit fund scam

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ED, Kolkata has arrested the promoters of M/s Prayag Group of Companies, Basudeb Bagchi and Avik Bagchi, in connection with a money laundering case related to a chit fund scam

Brief

Enforcement Directorate (ED)

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