Kunal Ghosh arrested in Saradha chit fund scam

Kunal Ghosh Arrested

Kolkata: Police arrested suspended Trinamool Congress leader Kunal Ghosh on Saturday in connection with the multi-crore Saradha Group ponzy scam. 
The development came just few minutes after Left Front chairman Biman Bose demanded a CBI probe into the chit fund scam and claimed that several names other than that of its chairman Sudipta Sen had cropped up in connection with it. 

Earlier, Trinamool Congress on September 28, 2013 had suspended Rajya Sabha MP Kunal Ghosh from the party on disciplinary grounds. 
Ghosh, the former head of Saradha's media arm, was also grilled by the investigating officers regarding the case. 
However, he had then refused to divulge any information. 
Somnath Dutta, a senior executive of Saradha media and a close Ghosh aide, was also remanded in police custody for seven days in connection with the scam. 

The Saradha scam came to light in April 2013, as the company had no other option but to close its business in the state after failing to pay back depositors who had invested with it, lured by the promise of huge returns. 
Saradha Chairman Sudipta Sen was also arrested, along with his close aides from Sonmarg in Jammu and Kashmir in the month of April. 
Ghosh had earlier threatened to "reveal many things" if he were to be arrested in the Saradha chit fund case.