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Trinamool MP Sudip Bandyopadhyay Arrested in Rose Valley Chit Fund Scam

Trinamool Congress Lok Sabha MP Sudip Bandyopadhyay was arrested on Tuesday by the CBI for his alleged involvement in Rose Valley group chit fund scam.

Manoj Gupta | CNN-News18

Updated:January 3, 2017, 5:24 PM IST

New Delhi: Trinamool Congress Lok Sabha MP Sudip Bandyopadhyay was arrested on Tuesday by the CBI for his alleged involvement in Rs 60,000 Cr (approx) Rose Valley group chit fund scam.

Bandyopadhyay was arrested hours after he reached at CBI office for questioning. “I have come to clarify my position on whatever questions they have,” he had said before he went inside for questioning.

Reacting to Bandyopadhyay's arrest, West Bengal CM Mamata Banerjee came down heavily on PM Modi and said that he is using CBI and Enforcement Directorate to terrorise opposition.

"BJP and Akali Dal leaders were also involved in Pearl chit fund scam. Bandhopadhyay is a senior leader... he should not have been arrested like this," she said, adding, “Such steps will destroy the democracy in the country."

Mamata took to Twitter: "Tomorrow, TMC will protest in Kolkata over arrest of party MP Sudip Bandhopadhyay. On January 9, 2017, protest will start in 10 states on Demonetisation".

"We will take the battle forward legally, it has come to notice that lawyers are being threatened and judges are being influenced," she added.

Taking potshots at PM Modi, Mamata Said," PM Modi doesn't understand Indian politics."

"Amit Shah and Narendra Modi should also be arrested. He tries to silence his opponents using scare tactics," she said.

This is the second TMC MP to be arrested in the Rose valley ponzi scam. On December 30, actor-turned-Trinamool Congress MP Tapas Pal was arrested by the CBI for his alleged involvement in the scam.

Tapas Pal's daughter Sohini too appeared before the CBI for interrogation in Bhubaneswar for the second time

Congress leader Adhir Ranjan Chowdhury said, "Bengal's image has been tarnished by scams."

"The case is being directed by the judiciary. I don't see this as a case of political vendetta. But at the same time, the CBI is being used by the centre," he added.

CPI (M) leader Md Salim, "The arrest is long delayed but I welcome CBI's decision to arrest Sudip. This investigation must reach to Mamata's doorstep. She launched a decibel campaign because she knew they were going to be arrested. There is no political vendetta."

The Rose Valley scam is believed to be the biggest ponzi fraud in India and the scam itself is at least seven times bigger than Saradha scam.

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| Edited by: Sujit Nath
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