The Telegraph
Saturday , August 23 , 2014
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Saradha scan on assets, foreign players
Rs 100cr property list

Aug. 22: The Enforcement Directorate has drawn up a list of Saradha properties valued at around Rs 100 crore for attachment within the next few weeks.

Among the assets are a high school in Siliguri, a resort in Santiniketan, land parcels in South 24-Parganas and a cement factory in Bankura.

The list includes a part of the Saradha Group’s headquarters in Sector V of Salt Lake and a south Calcutta flat of Debjani Mukherjee, Saradha chief Sudipta Sen’s deputy.

“All these properties were either bought or developed with investors’ money between 2009 and 2012,” said an ED official. Cash collection companies usually buy up property to create an impression that the operation is backed up by solid assets.

The investigating agency will have to make a formal appeal to the court for attaching the properties.

The last property to be searched was the closed Landmark Cement factory in Bankura. The search was carried out after Bengal textiles minister Shyamapada Mukherjee, one of the co-owners of the factory before it was bought by Saradha, was questioned.

After checking documents, the ED will decide whether a flat at Greater Kailash in New Delhi should be attached.

The agency has so far attached properties worth around Rs 140 crore in two phases in Bengal.

The CBI, which is also probing the case, has summoned Rajat Majumdar, a former director-general of Bengal police, for another round of questioning tomorrow.

In New Delhi, sources said the CBI was proceeding with extreme caution and did not want to add to the blizzard of speculation about “big names” being named by some suspects.

“Right now our main thrust is to build a watertight case before either questioning or arresting more people, a top CBI official said. “We do not want to disclose any names at this point. This is a very sensitive matter and we are treating it with extreme caution,” the official added.

The CBI is gearing up to file a preliminary report before the Supreme Court by the first week of September.

“The progress report will have the names of the suspects,” the official said. “We have also asked our officials to keep a close watch on all the suspects so that they don’t go underground,” he added.