Bengal ponzi firm's MD arrested

Posted on 7th Feb 2015 04:58 pm by mohit kumar

Kolkata, Feb 7 (IANS) The managing director of URO Group - a West Bengal-based deposit-taking company - has been arrested on charges of cheating and fraud, police said Saturday.

"Several warrants were pending against Biswapriya Giri and he was absconding for some time. A fresh complaint by a depositor was recently filed and we arrested him Friday night on charges of cheating, fraud and other charges," Assistant Deputy Commissioner of Police (Bidhannagar) Debashis Dhar said.

Following the unearthing of the multi crore rupee Saradha scam, police had raided the offices of the company which mainly operated in North 24 Parganas and Nadia districts.

URO group features in the list of 73 ponzi firms in West Bengal which the ministry of corporate affairs had published in 2013.

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