Saradha rip-off: Assets of Nalini, former Assam minister seized by ED
3 min read
By Express News Service
NEW DELHI: Directorate of Enforcement has hooked up movable and immovable property value of over Rs 6 crores of varied people, together with that of Nalini Chidambaram and former IPS and ex-CPM MP Debendranath Biswas amongst others, in connections with the multi-crore Saradha chit fund rip-off being probed on laundering of cash siphoned out of funding fund whereby 1000’s of widespread public had parked their life-time earnings.
According to ED sources, the company hooked up movable property value Rs 3.30 crore and immovable property with worth of over Rs 3 crore in its ongoing investigation into the matter of Saradha Group of Companies beneath the Prevention of Money Laundering Act, 2002. These properties had been owned by Saradha Group and different individuals, who had been beneficiaries of proceeds of crime generated by Saradha Group of Companies.
The beneficiaries embody Nalini Chidambaram, eminent lawyer and spouse of ex-Union Finance Minister P Chidambaram, Debabrata Sarkar of East Bengal Club, Debendranath Biswas (Ex IPS and ex MLA CPM) and Anubhuti Printers and Publications owned by late Anjan Dutta, ex Minister in Assam.
Saradha Group ran a discount fund rip-off with operations unfold over the states of West Bengal, Assam and Orissa, until 2013. The quantum of whole cash mobilised by this group firm is about Rs 2,459 crore out of which practically Rs 1,983 crore stays unpaid to the depositors until date, excluding the curiosity quantity. The ED had registered a case towards Saradha Group of Companies in 2013 on the idea of FIRs by Kolkata Police and CBI.
‘Saradha Group ran a chit fund scam till 2013’
Saradha Group ran a discount fund rip-off with operations unfold over the states of West Bengal, Assam and Orissa, until 2013. The quantum of whole cash mobilized by this firm is about `2,459 crore out of which practically `1,983 crore stays unpaid to the depositors.
NEW DELHI: Directorate of Enforcement has hooked up movable and immovable property value of over Rs 6 crores of varied people, together with that of Nalini Chidambaram and former IPS and ex-CPM MP Debendranath Biswas amongst others, in connections with the multi-crore Saradha chit fund rip-off being probed on laundering of cash siphoned out of funding fund whereby 1000’s of widespread public had parked their life-time earnings.
According to ED sources, the company hooked up movable property value Rs 3.30 crore and immovable property with worth of over Rs 3 crore in its ongoing investigation into the matter of Saradha Group of Companies beneath the Prevention of Money Laundering Act, 2002. These properties had been owned by Saradha Group and different individuals, who had been beneficiaries of proceeds of crime generated by Saradha Group of Companies.
The beneficiaries embody Nalini Chidambaram, eminent lawyer and spouse of ex-Union Finance Minister P Chidambaram, Debabrata Sarkar of East Bengal Club, Debendranath Biswas (Ex IPS and ex MLA CPM) and Anubhuti Printers and Publications owned by late Anjan Dutta, ex Minister in Assam.
Saradha Group ran a discount fund rip-off with operations unfold over the states of West Bengal, Assam and Orissa, until 2013. The quantum of whole cash mobilised by this group firm is about Rs 2,459 crore out of which practically Rs 1,983 crore stays unpaid to the depositors until date, excluding the curiosity quantity. The ED had registered a case towards Saradha Group of Companies in 2013 on the idea of FIRs by Kolkata Police and CBI.
‘Saradha Group ran a chit fund scam till 2013’
Saradha Group ran a discount fund rip-off with operations unfold over the states of West Bengal, Assam and Orissa, until 2013. The quantum of whole cash mobilized by this firm is about `2,459 crore out of which practically `1,983 crore stays unpaid to the depositors.
