Saradha scam: East Bengal Club official arrested

Debabrata Sarkar is the first person to be held outside the Saradha Group The CBIon Wednesday arrested Debabrata Sarkar, an official of the East Bengal Club, in connection with the ongoing probe in the Saradha scam. The CBI quizzed Mr. Sarkar several times over the past few weeks and also searched his house recently. Mr. Sarkar was summoned by the CBI during the day at the agency’s office at Salt Lake and later arrested in the evening. According to sources, the CBI found discrepancies in his statement and the documents found from his home. “Mr. Sarkar is the first person to be arrested in the scam outside the Saradha Group,” a senior CBI official told The Hindu. “Incriminating documents along with fixed deposit of Rs. 2500000 were recovered from his residence. He is accused of conspiring with Saradha top brass in misappropriation of funds of the company,” the official said. Mr. Sen has told investigators that he has given money to Mr. Sarkar to ensure that his Ponzi business continues without any interference of central regulatory agencies such as the SEBI.