Asansol North police station has busted a major Ponzi scheme and arrested four persons from Kolkata in connection with a fraud estimated at over Rs 200 crore, affecting several thousand people.
A team led by Officer-in-Charge SI Amit Haldar and Kanyapur Outpost IC SI Partha Pratim Chakraborty raided a location in Kolkata and arrested Mohammed Nadim, alleged to be the kingpin. Following his interrogation, three others were picked up from different parts of the city. Police said one of them, Bijoy Pandit, is also a principal operator of the racket.