The fugitive accused in the Jharkhand Ponzi case was nabbed from West Bengal

New Delhi: The ED (Enforcement Directorate) has nabbed the accused in the Jharkhand Ponzi case fraud from West Bengal under the Anti-Money Laundering Act. The accused, Hemant Kumar Sinha, was produced before the Special Prevention of Money Laundering Act court in Ranchi, the capital of Jharkhand, after he was abducted from Howrah on June 19, which kept him behind bars till June 29.

Sinha is accused in a recent Ponzi or chit fund fraud case in Jharkhand. The indictment against Sinha and other accused was framed in March last year after the ED investigated the issue. Accused Sinha was having breakfast and avoiding coming before the court. The court therefore issued a non-bailable arrest warrant against him.

After the ED studied the chargesheets filed by the Jharkhand police against the accused, the accused Sinha, a firm associated with it, M.S.S. A case has been registered against Ayurvedic Healthcare Trust, other accused Rakesh Kumar Poddar and Mukesh Kumar Poddar on money laundering issue.

The accused, who planned the Ponzi scheme, took Rs 3,000 from each person, promising to pay four times the amount in three months. The swindlers gave him a back-dated check of Rs 2,300 to win the trust of investors. In addition, four coupons of Rs. 700 for purchase of Ayurvedic medicines were given.