‘Ponzi’ firm operator ends life in Bengal

Kolkata, May 3 (IANS) A man who ran a small ‘Ponzi’ firm allegedly committed suicide in West Bengal’s South 24-Parganas district, police said Friday.

“A middle-aged person named Ajit Seal was found dead inside his house today (Friday). We are investigating the cause of his death,” said an officer of the local Ramnagar police station.

The officer said that Seal ran a small chit fund company, and was being harassed by investors who sought refund of their deposited money since the past few days.

“He might have committed suicide,” added the officer.

Earlier, five agents and distributors of chit fund companies took their own lives since the chit fund aided Saradha Group went bust, affecting tens of thousands of investors – mainly from the small towns and villages – who had parked their hard-earned money with the company.

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