The accused have been identified as Iqbal Bahadur Singh Baweja, his son Parmeet Singh Baweja, and his daughter-in-law Jasneet Kaur Baweja.
These companies generated proceeds of crime and diverted the said tainted money into acquiring different movable and immovable properties.
Babu Singh Kushwaha, director and promoter of the chit fund company was arrested from Gwalior in Madhya Pradesh and was brought under transit remand to Bhubaneswar.
The fugitive economic offender Arabinda Kumar, a native of Kendrapara district, was arrested under relevant sections of the Indian Penal Code, Prize Chits & Money Circulation Scheme (Banning) Act, 1978 & Sec.
The Rose Valley Group of Companies, registered with the Registrar of Companies at Kolkata, had collected crores of rupees from unsuspecting and gullible depositors across Odisha, mostly in the Balasore district.
Jain, a resident of Rajasthan's Bikaner, was absconding since the registration of the case and was changing his location to evade arrest.
leader of the Congress Legislature Party, Abdul Mannan and leader of Left Front Legislature Party, Sujan Chakroborty drew Prime Minister attention that CBI is waiting for a long period for sanction to proceed with its investigation.
Custodial interrogation means that the investigating agency is assuming certain functions of a magistrate before whom Kumar would have to appear, Mukherjee said.
The CBI has booked Partha Chakraborti, the promoter of the company Chakra Infrastructure Limited, along with several others for alleged criminal conspiracy and cheating public to the tune of around Rs 87 crore.