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Saradha: CBI questions SEBI officials

A file photo of of Saradha chairman Sudipta Sen. The ED on Wednesday attached several real estate properties linked directly or indirectly with Mr. Sen and his associates.  

A Central Bureau of Investigation (CBI) team questioned senior officials from the Securities and Exchange Board of India (SEBI) here in Mumbai on Wednesday in connection with the multi-crore Saradha chit fund scam.

The CBI sleuths questioned the officials to ascertain if the regulatory body was in the know of the schemes floated by the Saradha Realty, which is being probed by the agency for running a Ponzi scheme.

“We are here to ascertain if the regulatory body failed in its duty to keep a check on the dubious schemes floated by the company,” a CBI official told The Hindu.

In April, 2013, SEBI found the schemes floated by the company to be illegal and passed an order against the company.

The CBI had earlier questioned Assistant General Managers and Legal Officer of the SEBI.

In October this year, the agency filed its first charge sheet against the company chairman and managing director Sudipta Sen, his aide Debjani Mukherjee and All India Trinamool Congress MP Kunal Ghosh.

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Printable version | Jan 23, 2021 2:49:35 PM | https://www.thehindu.com/news/national/other-states/saradha-scam-ed-attaches-assets-worth-rs-60-crore/article6544915.ece

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