Saradha scam: CBI raids netas, bizmen | india | Hindustan Times
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Saradha scam: CBI raids netas, bizmen

The Central Bureau of Investigation on Thursday carried out raids at 21 locations in West Bengal and Assam in connection with the multi-crore Saradha scam.

india Updated: Aug 29, 2014 01:10 IST
HT Correspondents

The Central Bureau of Investigation on Thursday carried out raids at 21 locations in West Bengal and Assam in connection with the multi-crore Saradha scam.

Among them were residences of former Assam ministers Himanta Biswa Sarma and Anjan Dutta apart from the office of businessman Sandhil Agarwal and the home of Bapi Karim — previously a personal assistant to West Bengal transport minister and Trinamool Congress leader Madan Mitra — in Kolkata.

The Saradha scam was caused by the collapse of an investment operation from the Saradha Group, a consortium of over 200 private companies that was running many financial schemes in eastern India.

The group folded up in April last year, resulting in the loss of about Rs 10,000 crore to thousands of investors — largely from rural areas with little access to banking facilities.

The consortium’s chairman and managing director Sudipto Sen was arrested the same month after he wrote a confessional letter to the CBI, admitting that he paid large sums of money to several politicians.

The sudden raids, conducted almost simultaneously, led CBI officials to the Amherst Street residence of former East Bengal football club secretary Paltu Das, where they questioned his widow. Sources say arrested club representative Debabrata (Nitu) Sarkar once allegedly brought stacks of cash from Sudipto Sen’s office to Das’s home.

Several high-profile personalities including West Bengal minister Shyamapada Mukherjee, actress and filmmaker Aparna Sen, Trinamool Congress MP Ahmed Hassan Imran, and former IPS officer Rajat Majumdar have already been questioned by either the CBI or the ED.

CBI sleuths also searched the office of News Live, a satellite TV channel owned by Himanta Biswa Sarma’s wife, in Guwahati. The residence of Sadananda Gogoi, a singer believed to be associated with some business activities of Saradha in the state, was raided too.