ED conducts searches at Saradha office

PTI Updated - March 12, 2018 at 08:57 PM.

The regional directorate of Enforcement Directorate (ED) today conducted searches at the Diamond Harbour Road office of Saradha Group, the ponzi scheme firm which went bust affecting lakhs of investors.

“A search operation is going on at the Diamond Harbour Road office of Saradha group,” a senior official of the directorate told PTI.

Earlier, the ED had initiated probe into the Saradha scam and interrogated its owner Sudipta Sen, his wife Piyali and son Suvojit.

The directorate had attached several bank accounts and shares held in their names.

The probe is being conducted under the Prevention of Money Laundering Act.

Published on May 27, 2014 12:41