CBI arrests CMD & Director of Prayag Group in chit fund case
Wednesday, March 15, 2017, 8:46 PM
The CBI has arrested Basudeb Bagchi, CMD of Prayag Group of companies, and his son Avik Bagchi in connection with the chit fund scam. Avik Bagchi is one of the directors in the group that collected money from people violating the SEBI rules. Father and son duo were summoned to the CBI head quarter in Kolkata today. After a marathon interrogation, both were arrested.