SARADHA CHIT FUND SCAM PRIME ACCUSED BROUGHT TO GUWAHATI

The prime accused in the multi-crore Saradha Chit Fund scam, Sudipta Sen was brought to Guwahati for interrogation. Speaking to INSIDENE, Commissioner of Police, Guwahati Hiren Nath said that Sudipta Sen is presently being interrogated in the Panbazar police station. He will be produced before the special court later in the day.

It may be mentioned that Sudipta Sen, chairman and managing director of the Saradha Group was arrested in April 2013 from a hotel in the Jammu and Kashmir tourist destination of Sonmarg by the local police.

It may be mentioned that Saradha Group made investors put their money in different schemes of the group with promises of high returns, much higher than those available with other investment options in the market. These collections were primarily made though the 25 branches under SRIL's Guwahati division spread across Assam. Sen and his companies own at least five plots of land in Kamrup (metro), Dhubri and Darrang districts of Assam and the total value of these properties run into crores of rupees. Saradha Group collected Rs 2,459.59 crore from depositors in Assam between 2008-2009 and 2013-14. Sudipta Sen through his Saradha chit fund has duped thousands of people across Assam.