CBI arrests absconding accused in chit fund case
The funds were illegally collected from gullible depositors, according to the CBI
The Central Bureau of Investigation (CBI) has arrested Debabrata Dutta, the former proprietor of M/s DNB Food Processing Private Limited, in an alleged chit fund misappropriation case. Dutta is accused of misappropriating funds to the tune of ₹17.22 crore from unsuspecting depositors. The arrest was made on August 28, 2024, in Siliguri, West Bengal, after the CBI traced him to the city.
Dutta absconded and did not cooperate with the investigation, leading to his declaration as an absconder by the CBI. He was brought into transit remand and will be produced before a court in Bhubaneswar. The CBI invoked provisions of the Indian Penal Code and the Prize Chits and Money Circulation Schemes Banning Act to facilitate the arrest.
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