The Telegraph
Thursday , May 9 , 2013
Since 1st March, 1999
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Saradha case

Calcutta, May 8: Calcutta High Court today asked all respondents in the public interest litigations demanding a CBI probe into the Saradha default to file affidavits by Monday stating their views on the PILs.

The order prompted the counsel of one of the petitioners to tell the court that a delay in ordering a CBI inquiry could dismay investors further and lead to more suicides related to the crisis.

Subrata Mukhopadhyay, the lawyer appearing for one of the four petitioners, advocate Basabi Roychowdhury, told the court: “I am requesting the court to take a call on whether to get the matter probed by the CBI or not on May 14 (the next date for hearing). Please do not delay your decision in this regard.

“I am saying so as almost every day, cheated depositors are committing suicide. Unless the CBI begins and expedites investigations and initiates the process of property attachment and auction, these hapless people will have no future to look forward to.”

The respondents — the Saradha Group, its former media wing CEO Kunal Ghosh and the Reserve Bank of India (RBI) — will have to state in their affidavits if they want a CBI probe.

The court will be taken up for hearing on Tuesday.

Tripura plea

The Tripura government has decided to request the Centre to hand over to the CBI cases of cheating involving deposit-collecting companies such as Saradha. The Assam government made a similar appeal a few days ago.