The Telegraph
Thursday , August 21 , 2014
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Court gives CBI custody of Saradha boss Sudipta Sen

Calcutta, Aug 21 (PTI): A court here remanded Saradha group chairman to the Central Bureau of Investigation’s custody till August 26 after the agency said it plans to verify some more names of politicians who were alleged beneficiaries of the chit fund scam.

The CBI also got custody of East Bengal football club’s official Debabrata Sarkar, who had been arrested by it on Wednesday for allegedly offering to act as a middleman between the Saradha group and regulatory bodies such as the Securities & Exchange Board of India.

The CBI had stepped into the picture on the directions of the Supreme Court, and has already registered a number of cases in West Bengal and Odisha. Trinamool MP Kunal Ghosh and Sudipto Sen are main suspects named in the FIR.

Apart from the CBI, the Enforcement Directorate under the Union finance ministry is also probing the matter, from the money-laundering angle, and has questioned several people including Bollywood actors and some ministers in Mamata Banerjee’s Trinamul Congress government.

The CBI will now grill Sen on a few other names that have surfaced during its investigation, the sources said.

CBI had earlier taken into custody six people in connection with the scam.

The sources said Sarkar is accused of conspiring with Saradha top brass in the alleged misappropriation of funds of the company.

The CBI has formed a Special Investigating Team (SIT) headed by Joint Director Rajeev Singh to also probe the role of Sebi and the Reserve Bank of India.

“Investigation conducted so far puts a question mark on the role of regulatory authorities like SEBI, Registrar of Companies and officials of RBI within whose respective jurisdictions and areas of operation the scam not only took birth but flourished unhindered,” an apex court bench headed by Justice T.S. Thakur had said in its order.

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