The probe into Seashore Group may cause embarrassment for the Naveen Patnaik government as it had entrusted the Group with the task of executing different projects on public-private-partnership mode
The Central Bureau of Investigation (CBI) on Tuesday carried out searches in four cities, including Delhi and Mumbai, in connection with its probe in the Saradha and Seashore chit fund scams running into several crores of rupees.
The searches were being carried also at various places in Odisha and Kolkata, which included premises of some politicians as well, CBI sources said.
The CBI action came a day after the agency filed its second charge sheet in the case alleging that former director general (state armed police) and Trinamool Congress Vice President Rajat Majumdar and East Bengal Club official Debabrata Sarkar were beneficiaries of the money collected through the chit fund scam.
Others named in the charge sheet included Saradha chairman Sudipta Sen, executive director Debjani Mukherjee, a city-based businessman Sandhir Agarwal and his father Sajjan Agarwal, and Assam-based singer Sadananda Gogoi.
It also names four Saradha group companies Saradha Reality India Ltd, Saradha Tours and Travels Pvt Ltd, Saradha Housing Pvt Ltd and Saradha Garden Resorts and Hotel Pvt Ltd.
Details about the searches at various places are awaited.
Many political bigwigs of Odisha have been questioned by the CBI in past for their alleged role in the Seashore chit fund scam which duped thousands in the state.
The probe into Seashore Group may cause embarrassment for the Naveen Patnaik government as it had entrusted the Group with the task of executing different projects on public-private-partnership mode.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
