Kolkata, Nov 27 (SocialNews.XYZ) Enforcement Directorate (ED) has arrested two directors of Prayag Group, the company headquartered in West Bengal and operating from neighbouring states, in connection with the multi-crore chit fund case. The arrested were identified as Basudeb Bagchi and Abhik Bagchi. The chit-fund entity had been under the scanner of both the ED and Central Bureau of Investigation (CBI) for quite some time for their involvement in a number of illegal activities.

ED arrests Prayag Group directors in connection with a multi-crore chit fund scam, linked to money laundering and investment fraud across multiple states