“For whatever reasons, the Kolkata Police are not cooperating with us in the Saradha case investigations and is trying to stall the proceedings because of which now we are seeking the court’s intervention. We have also registered a money laundering case on the basis of an FIR filed by Assam Police,” the ED sources said.
The Assam Police FIR names Sudipta Sen, Debajani Mukherjee among a host of others.
Saradha Realty allegedly collected crores of rupees from small investors in West Bengal, Assam and Odisha and did not return the maturity value to the investors. Later, the company refused to pay salaries to its employees and instead closed down its offices.
Media reports have speculated on how Sudipta Sen’s Saradha Realty may have been a front for powerful and influential people to launder money and make investments in foreign countries.
Besides the state police and the Enforcement Directorate, a slew of agencies such as the income tax department and the Directorate of Revenue Investigation are also probing the case.