Odisha Sun Times Bureau
Bhubaneswar, Dec 31:
The Special CJM CBI court here today granted the CBI a 3-day remand of Trinamool Congress (TMC) MP Tapas Paul, who has been arrested over his alleged involvement in the Rose Valley Group chit fund scam.
The investigating agency had sought a five-day remand of Paul from the court.
The court also rejected the bail plea of the MP.
Earlier in the day, the CBI, probing into the mega ponzi scam, brought Paul to Bhubaneswar from Kolkata.
The Bengali cine star, who was summoned by the CBI three days ago, presented himself at the investigating agency’s regional office in Kolkata yesterday and was arrested after questioning.
“Paul used to promote the group for which he was paid both in cash and kind. He failed to give satisfactory explanations about his financial transactions with the group,” said a CBI officer.
The Lok Sabha member from Krishnanagar in Nadia district of West Bengal is among several TMC leaders to be arrested by the CBI.
Paul’s Kolkata residence was in March raided by CBI sleuths as part of a crackdown on Rose Valley which is one of the many companies accused of raising crores of rupees through illegal collective investment schemes.
In the chargesheet submitted at the Special CJM court here on January 7, CBI had charged the Ponzi firm of defrauding depositors of Rs 17,000 crore, out of which Rs 450 crore is from Odisha alone. The company was active in Odisha with 28 branches in almost every district.
Having cast its net across the states of West Bengal, Tripura, Assam, Odisha, Jharkhand and Maharashtra among others, the company is alleged to have illegally raised several thousand crore of rupees from the public.
Besides the CBI, the firm is also being investigated by the Serious Fraud Investigation Office (SFIO) and the Enforcement Directorate which had this year attached assets worth Rs 1,250 crore of the company.
(With inputs from IANS)