The arrest occurred while Panja was accompanying Mamata as part of the team returning from a visit to Bangladesh,[3] causing widespread media coverage and opposition accusations of harbouring criminals in her court.
[5] The Economic Offences Wing of the Delhi Police investigated and claimed that the purchase order, invoices, ferry receipts and acknowledgement notes were all forged,[6] [7] and the firm address was found to be non-existent.
Panja had been appointed to several high-powered West Bengal committees related to film and culture and is an official advisor for industrial promotion.
[8] Panja was one of the founders of the RP Group,[9] a set of businesses marketing a computer branded "Chirag" and also in film production.
With the revoking of excise benefits, the Indian Computer brands such as HCL, Wipro, Zenith, PCS and CHIRAG were all competing directly with the MNC's without any price advantage which was not the case earlier.