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In May 2014, the Supreme Court of India, due to inter-state ramifications, possible international money laundering, serious regulatory failures and alleged political nexus, transferred all investigations into the Saradha scam and other Ponzi schemes to the Central Bureau of Investigation (CBI), India's federal investigative agency.
Jun 12, 2023 · The Saradha scam, also known as Saradha Group financial scandal, was a major financial scam that surfaced in 2013. Investigation into the multi-crore ponzi scheme has been on since then. The Saradha scheme
Mar 22, 2021 · Saradha scam case: Key things you need know. An umbrella company with 200 private players, Saradha Group in West Bengal has allegedly cheated more than a million investors by running Ponzi...
Feb 5, 2019 · What is the alleged scam that has led to the current unprecedented political standoff between the Centre and Mamata Banerjee? How are the TMC and the Kolkata Police Commissioner linked to the allegations?
Dec 21, 2020 · In this article, we will discuss one such scheme that exploded in the face of Bengal in 2013 – the Saradha Scam led by Sudipto Sen, who duped lakhs of rural investors to the tune of Rs. 20 to 30 billion (USD 4-6 billion) before its ultimate collapse. Let's dive straight in. How did Saradha Chit Fund Scam begin?
Feb 5, 2019 · Saradha scam promised investors, mostly poor people from the Naxal-belt in eastern India, a 50 per cent per annum return on their investment, ie, double the money in three years.
Feb 09, 2019 01:59 PM IST. The Saradha group scam exploded on the face of Bengal in April 2013 when the chairman of the ponzi scheme, Sudipta Sen and the company’s executive director Debjani...
saradha scam. The Saradha Group financial scandal was a major financial scam and alleged political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.
The CBI on Monday carried out searches at the offices of three Securities and Exchange Board of India officials in connection with their alleged role in saving Saradha Ponzi scheme scam...
Feb 16, 2019 · The Saradha scam came to the fore in April 2013, when company chairman and managing director Sudipta Sen fled the State, leaving behind an 18-page letter. The letter had names of the then...
