Punjab: Multi crore chit fund scam accused released on bail

Nature Heights, the company of which Arora was the managing director, is accused of cheating investors of crores of rupees.

Written by Raakhi Jagga | Ludhiana | Updated: July 22, 2016 5:29:42 pm

Neeraj Arora, accused in a multi crore chit fund scam case, received bail on Saturday, a week after a Special Investigation Team (SIT) was formed to look into the alleged scam.

Nature Heights, the company of which Arora was the managing director, is accused of cheating investors of crores of rupees. Over 150 complaints were filed against the company from across Punjab. AIG Crime Sushil Kumar, who is part of the SIT, said, “We cannot interfere in court matters and moreover, the SIT was formed only one week ago. We are studying the complaints.”

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