Salai Group managing director, two others arrested
IFP Bureau2 Apr 2021
Prior to their arrest, aggrieved investors of Salai Group of Companies on Friday morning stormed the offices of the companies demanding their money back.
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Prior to their arrest, aggrieved investors of Salai Group of Companies on Friday morning stormed the offices of the companies demanding their money back.
After Narengbam Samarjit was remanded into 13 days NIA custody by the court, the investors staged a protest in front of Salai office and demanded to arrange a meeting with the managing directors of Salai Group of Companies.
IFP Editorial: Narengbam Samarjit Singh must have had some powerful politicians or powerful people with black money in his pocket, without which he would not have been able to weave such a massive fraud.
As per the document seized from the investigation, the board of directors merely accepted the resignation, which indicates that they had not removed N Samarjit because of the declaration of independence, the charge sheet stated.