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Man arrested in chit fund swoop

The raid on an illegal chit fund continued on Tuesday, with the arrest of a middle-aged man from Sarsuna, in Thakurpukur, for his involvement in the racket. Earlier on Monday, the police busted the racket on specific complaints from cheated depositors. The chit fund was a branch of a Gujarat-based firm. Its main organisers have fled.

The arrested man, Nirmal Samaddar, alias Montu, used to run a tailoring shop. Documents and blank forms were recovered from his house, police said.

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