Jamshedpur : Jamshedpur police received a shot in the arm with the arrest of a multi-crore chit fund fraudster Kamal Kumar Singh, who was absconding for the last two years. He was brought to the steel city on Monday morning after his arrest in Kolkata on Sunday.
A former employee of a public sector unit Uranium Corporation of India Limited (UCIL) was arrested on the charge of duping people to the tune of crores of rupees through his chit fund company.
A special team of police officers from East Singhbhum at the Dum Dum Airport in Kolkata as soon as he came out from a plane from Guwahati on Sunday forenoon. The accused was sent to Ghatshila sub-jail in the afternoon.
Senior SP of East Singhbhum Amol V Homkar said that the accused was suspected to have been involved in the chit fund scam which may run into over 1,000 crore.
The accused was a fourth grade employee of the Uranium Corporation of India Limited (UCIL) who used to run the chit fund racket in the name of Raj.Com from Jadugoda since 2008. The employees deposited money worth crores of rupees with the chit fund company by reposing faith on Singh.
Homkar said that, the accused duped the investors by gaining their confidence on the chit fund firm- Raj.Com. The police officer informed that seven investors including Ravindra Nath Singh had lodged cases against Singh and his six�associates at Jadugoda and Parsudih police stations.��
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During the course of investigation, the police established that Singh cheated hundreds of investors in Jadugoda and Parsudih, located on the outskirts of steel city.
A senior official of district police said that Singh had influence in police, administration and a section of media. Singh, who originally hails from Bihar was born and brought up at Jadugoda. One of his younger brother , Deepak Kumar is also wanted in the case , but he is absconding.
The senior SP said that they have prayed to the local court in Ghatshila for five-day remand to interrogate the scamster.�
The delay in arresting of the accused persons had led many people to doubt the sincerity of police officials. They suspect the chitfund activities run by Kamal Singh and his brother which led to cheating and fraud of such a whopping amount were tacitly supported by certain police officials.
The accused persons, sons of Munmun Singh and Rajmani Devi, residents of Dharamdih in Jadugoda police station area, had alleged opened a chitfund company and duped people of their hard-earned money.
They were reported absconding since 23rd September 2013. More than 200 people have registered case of cheating and fraud against the brothers with the Jadugoda police station.
The accused persons came under scanner when they refused to return the money invested by the people of Jadugoda. Soon people doubted the intentions of the accused persons and booked them for cheating and fraud.
