The Central Bureau of Investigation on Thursday arrested Shibaji Panja a key Bengal businessman for defrauding multiple banks of Rs 515 crore. Panja the CEO of RP Infosystem allegedly misled the banks by producing forged documents to raise the money.
He also owned the Chirag brand a popular computer manufacturing company that also sponsored a famous football team.
Known for his proximity to the ruling Trinamool Congress Panja a co-owner of Chirag Group was arrested alongwith another owner Koustav Roy for misleading the investigators, sources said.
Panja one of the chosen few businessmen who accompanied Chief Minister Mamata Banerjee to Bangladesh in 2015 was arrested soon after he returned from that country. later he was released on bail.
The CBI was likely to quiz other two co-owners of the firm Benoy Basna and Debnath Paul, officials said.
The investigators were trying to find out on what purpose the defrauded money was used by the accused or “whether the money was routed to foreign countries or for that matter who were the political props that helped the them raise the funds.