Comments
Kolkata Police was today granted four-day transit remand by a Kashmir court to take chit fund scam accused Sudipto Sen and two others to West Bengal.
Sen, Chairman of Saradha group which is accused of defrauding thousands of depositors, along with director Debjani Mukherjee and another company official Arvind Singh Chauhan, were presented before Chief Judicial Magistrate of Ganderbal Parvez Hussain Kachroo who granted the transit remand.
The trio, who were detained from Sonamarg area of the district yesterday, will now be taken to Delhi on their way to Kolkata.
The application for the transit remand was moved by Kolkata Police.
A Scorpio vehicle with a West Bengal number plate was also seized.
Earlier, Sen, Mukherjee and Chauhan were put through a medical examination before being presented in the court.
Doctors declared them fit to be taken out of the Valley by the Kolkata Police team.
Lakhs of investors of the chit fund group have hit the roads alleging they have been duped of over Rs 30,000 crore.
Hundreds of agents of the company have also been rendered jobless.
The West Bengal Government has announced formation of a Special Investigation Team and a high-level inquiry into chit fund companies after the collapse of the Saradha group.
The bubble burst after capital market regulator SEBI started cracking the whip on chit fund companies for flouting rules, triggering pressure on the group’s finances.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.