Mir Sahiruddin, managing director of Green Ray International Limited (GRIL), a ponzi scheme, has finally been arrested.
Sahiruddin, who has been hiding out in Nigeria for four years now was found by the Central Bureau of Investigation (CBI), in Kolkata on Friday.
GRIL, a chit fund company, allegedly cheated poor and unsuspecting investors of over Rs 1,000 crore on the pretext of providing them astronomical returns in a short span of time, and diverted huge money to Dubai and Nigeria through hawala brokers.
“He had been hiding in Nigeria and returned India from Bangladesh a few days ago, on a Bangladesh passport by impersonating him as Ahmed Hussain.
He frequently changed locations in Dubai and African countries. We will produce him in CBI court here either on Saturday or Monday,” said a CBI officer.