Archive · 31 Jul 2025
CBI Arrests Absconder in Assam Ponzi Scheme Case
Imagine someone promised people in Assam that they would get lots of money back if they gave their money to a company called Idol India.
This was a trick, called a Ponzi scheme, and the person in charge, Ajay Kumar, took the money without giving it back.
The government's CBI police were investigating, and they caught Ajay in Kolkata.
They had been looking for him for a long time, since the Supreme Court told them to investigate in 2014.
The CBI had filed official charges against him in 2022.
CBI arrested Ajay Kumar, an absconder in a Ponzi scheme case, from Kolkata.
Kumar, also known as Raju Gupta, was a director of Idol India Group of Companies.
He allegedly collected money from Assam residents promising high returns.
The CBI took over the investigation in 2014 following Supreme Court orders.
A charge sheet was filed against Kumar and others in December 2022.
- Who
- Ajay Kumar, a director of Idol India Group of Companies.
- What
- CBI arrested Ajay Kumar for a Ponzi scheme.
- When
- The arrest took place recently; the CBI investigation started in 2014.
- Where
- Kolkata, India.
- Why
- Kumar allegedly swindled money from people in Assam through a Ponzi scheme.
- Suspect's Name
- Ajay Kumar (Raju Gupta)
- Company
- Idol India Group of Companies
- Location of Arrest
- Kolkata
- Crime
- Ponzi Scheme
- CBI Involvement Date
- May 9, 2014 (Supreme Court Order)
- Charge Sheet Filed
- December 22, 2022