CBI today arrested director of a ponzi firm Basil International from West Bengal who has allegedly duped people to the tune of Rs 3500 crore making it a scam bigger than Saradha.
A medical practitioner PPS Sethi was arrested from Asansol in West Bengal by the agency on the allegations of cheating, criminal conspiracy and criminal breach of trust and diversion of fund, the sources said.
"The said accused named in FIR was the founder Director of the company which issued Product Scheme Cards and Preference Share Certificates against public collection without taking permission from the regulatory bodies. The company had collected Rs 3500 crore (approx) from the public," the agency spokesperson said here today.
