Probe Agency Arrests Accused In Jharkhand Ponzi Fraud Case

Hemant Kumar Sinha was arrested on June 19 from Howrah and later produced before a special Prevention of Money Laundering Act court in Jharkhand's capital Ranchi that sent him to judicial custody till June 29, it said in a statement issued.

An alleged Jharkhand ponzi case fraud accused has been arrested by the Enforcement Directorate (ED) from West Bengal under the anti-money laundering law, the central agency said on Monday. Hemant Kumar Sinha was arrested on June 19 from Howrah and later produced before a special Prevention of Money Laundering Act (PMLA) court in Jharkhand's capital Ranchi that sent him to judicial custody till June 29, it said in a statement issued here. Sinha, it said, is an accused in an alleged ponzi or chit fund fraud case that took place in Jharkhand sometime back and the ED had filed a charge sheet against him and others in March last year after it conducted a probe. The accused was "absconding" and was avoiding his appearance before the court, following which the court had issued a non-bailable arrest warrant against him, the ED said.