West Bengal income tax (IT) department will soon have an idea of the amount of black money parked in the Saradha group, after noticing that hundreds of investors had claimed fixed deposits ranging between Rs. 5 lakh and Rs. 30 lakh in the company.
A commission headed by retired judge Shymal Kumar Sen is currently receiving complaints from the aggrieved investors, thousands of whom have claimed investments above Rs. 50,000, which has brought them under the IT scanner.
“It is very pertinent for us to ask the depositors about the source and proof of incomes,” said Rajat Subhra Biswas, additional director of income tax (Investigation).
Justice Sen said till Thursday the commission has received 286,623 complaints, most of them against the Saradha group.
Fears of black money flowing into investment schemes have also been raised by Saradha group chairman Sudipta Sen’s admission that the manner in which his officials collected money was dubious.
Investors were not required to submit any proof of identification or residence before investing in the company, the police said.
The alleged scam at Saradha group, involving nearly R4000 crore, is said to have defrauded thousands of investors, including poor people.