Saradha group chief Sudipto Sen held in J-K

Update: 2010-09-15 00:00 GMT

SRINAGAR/KOLKATA, April 23 � Sudipto Sen, the promoter of the chit fund funded by the Saradha Group, was arrested from Sonmarg in Jammu and Kashmir today with two of his associates, police said, reports IANS.

�Based on information provided by the West Bengal Police, three people were detained by us from the Sonamarg tourist resort in Ganderbal district today,� a senior Jammu and Kashmir Police officer told IANS.

�The three detained people were brought down to Ganderbal district headquarters where an officer of the West Bengal Police who came here today identified them as the main accused and two other people involved in the West Bengal chit fund scam,� the officer said.

The other two have been identified as Debjani Mukhopadhya and Arvind Singh Chauhan.

A PTI report from Guwahati adds: Protests erupted across Assam against the Saradha group for allegedly duping its investors, agents and employees engaged in its various companies in the state.

Irate investors and collection agents ransacked the group�s realty, agro industry and media offices in Guwahati and a biscuit factory in Dhubri breaking down furniture, doors and windows, officials said.

Demanding returns on their investments, the angry people also broke down the vehicles and scooters of the group, including that of Saradha Media, Saradha Agro Products, Saradha Reality here and Saradha Biscuit Factory in Dhubri district.

The employees of the group�s English daily �Seven Sisters Post� and Bengali daily �Shakalbela� complained that they had not been paid salaries for the past three months.

The landlords of houses where the group�s various offices were located in Zoo Road, Lal Ganesh and other areas of Guwahati were also not paid rent before the newspapers closed down in March-April, they claimed.

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