Mamata Banerjee has been maintaining distance with the controversy claiming that her government and party were not aware the scam. However, Sudipta Sen's letter is believed to have exposed
the nexus between politicians and the chit fund industry in the state.
In his 18-page letter, Sen described his close links with at least two Trinamool Congress Rajya Sabha members and a minister of the Assam government, said sources. Sen also claimed that he was blackmailed by many powerful men who wanted to gain money.
Sen also mentioned 22 names of people who allegedly "used" him to make money. The list includes names of at least five senior political leaders. The prime accused of the Chit Fund scam also stated that he was "forced" to take over a loss-making motorbike manufacturing unit in Polba near Singur by a business lobby close to the Trinamool Congress government.
Sen, who was on run since past few days, has been arrested from Jammu Kashmir on Tuesday, April 23. Sen along with his two close aides have been sent to four-day transit remand.
The chit fund organisation, which had expanded its business into various other fields including media, crumbled recently, robing thousands of people of their life savings and also throwing many out of job.