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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.
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...
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?
Mar 20, 2023 · Saradha Scam Case Study: Since the news of India’s biggest chit fund scam first broke out over 200 agents, depositors and executives have committed suicide. This is because those associated with Saradha belonged to the low-income strata.
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
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?
Saradha Group owner Sudipta Sen, who is the main accused in the multi-crore chit fund case, on Thursday alleged he paid money to West Bengal Congress president Adhir Ranjan Chowdhury and...
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...
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...
Mar 22, 2021 · The Central Bureau of Investigation (CBI) on Monday carried out searches at the offices of three Securities and Exchange Board of India (Sebi) officials in connection with their alleged role in shielding Saradha ponzi scheme operators.
