Sudipta surrenders all assets to HC | kolkata | Hindustan Times
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Sudipta surrenders all assets to HC

kolkata Updated: Jun 08, 2013 11:52 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Saradha Group chief Sudipta Sen on Friday surrendered all his assets, companies, projects, media houses, bank accounts and money before the Calcutta High Court for sale and repayment of dues to the genuine customers and employees.

Sen’s advocates Naresh Balodia and Deo Kant Sharma also submitted before the court to transfer all the cases against Saradha Group to a particular agency for investigation and a particular court for trial for the proper adjudication and convenience of all parties.

Justices Ashim Kumar Banerjee and Mrinal Kanti Chaudhuri will decide whether to accept Sen’s proposal after hearing the state’s reply on June 10 in response to a batch of public interest litigation (PIL) petitions, seeking a CBI probe into Saradha chit fund scam in which millions of people had been duped.

Balodia said: “My client surrenders before this court all the moveable and immovable assets, businesses, media houses, projects and bank accounts etc. of the Saradha Group.

Make proper arrangement for their necessary protection and sale to repay the dues of genuine customers and employees of Saradha group’s media and business houses.”

Identification of genuine customers is necessary because it was found that some unscrupulous employees of Saradha Group had issued receipts in the name of fake customers, Balodia said.

On the investigation of the complaints against Saradha Group, Balodia said, “A particular agency may be directed to probe all the allegations and all cases may be transferred to one court for proper adjudication.”