Kolkata editor arrested in ponzi rip-off launched on bail

Shubhadeep Choudhury                                                                                          
Tribune News Service
Kolkata, July 22

Kolkata editor Suman Chattopadhyay was launched from jail in Bhubaneswar after over 1.5 years after his arrest over allegations of being concerned in a ponzi rip-off.

The Supreme Court ordered his launch on bail on medical grounds.

Chattopadhyay (64) was arrested by the CBI in Kolkata on December 20, 2018.

A chargesheet was filed by CBI inside 4 months of his arrest, however the decrease courtroom stored refusing bail to the high-profile journalist.

Chattopadhyay, a former director of Disha Productions and Media Private Ltd, the corporate that owned Bengali journal Disha and Bengali newspaper Ek Din, was the editor of Ei Samay, a newspaper of the Times Group, when he was arrested.

According to the CBI, Chattopadhyay obtained cash from a suspected Ponzi rip-off operator, I-Core group, in his and his firm’s financial institution accounts. Investigators consider I-Core group, which allegedly raised over Rs 3,000 crore by deceptive buyers, diverted chunks of the funds by way of Chattopadhyay’s firm.

Chattopadhyay has been recognized to be near West Bengal Chief Minister Mamata Banerjee in addition to some senior Congress leaders.

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