Central Bureau Investigation has taken the custody of a Chairman of a Group of Companies based at Kolkata and other places in a chit fund case. He was produced before the a Special Court in Bhubaneswar and remanded to police custody till 2nd of next month. The case was registered against said the group and others on the orders of Supreme Court in May 2014. <br/><br/>It was alleged that the said group had collected more than Rs 10 thousand crore from the public. A CBI release said that the investigation so far revealed that then Chairman was allegedly involved in cheating of the public and he had siphoned off huge funds of the company. <br/><br/>He was also allegedly instrumental in the diversion of the funds of the deposit collection companies of said Group to other Group companies wherein he was also Director.<br/><br/>CBI has earlier arrested then Managing Director and then Senior Director of said Group who allegedly conspired with then Chairman in cheating and misappropriation of funds.