Kolkata, Jan 30: Officials from the economic offenses wing of the CBI carried out a search operation at the residence of noted magician P C Sorcar Junior, sources said.
The action was necessitated as some financial links allegedly between P C Sorcar and the now-defunct Ponzi company Tower Group were unearthed, they said.
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The chit fund company is alleged to have transferred money to the bank account of Sorcar, who was the brand ambassador of Tower Group at one point in time, the CBI sources said.
The search operation lasted for around two hours at his Mukundapur residence, the aim of which was to get hold of documents related to the association between the renowned magician and the firm, they added.
The Tower Group is accused of collecting funds to the tune of Rs 25.59 crore from the common public in the name of high returns, but not repaying over Rs 15.69 crore.
