PART-1. Saradha Group financial scandal : MAMATA After taking over as CM of West Bengal, defeating Communists, she could not manage her State, now in Delhi protesting and abusing PM Along with a bunch of evil associates

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24/11/2016.
       879.
                All Members,
         Respected family members of this great holy Nation.


Sub : Saradha Group financial scandal

Ref : After taking over as CM of West Bengal, defeating Communists, she could not manage her State, now in Delhi protesting and abusing  PM  Along with a bunch of evil associates

SCANDAL STORY :

Part-1.

Saradha Group

Former type : Privately owned

Industry : Financial services, infrastructure management, automobiles, manufacturing

Genre : Deposit mobilising company

Fatem : Allegations that this consortium of companies is a Ponzi scheme

Founder : Sudipto Sen

Defunct : April 2013

Headquarters : Kolkata, West Bengal, India


Key people :

Sudipto Sen, Chairman and MD

Debjani Mukherjee, , Director

Kunal Ghosh, Sudheera Gunawardane CEO, Media Div.

Number of employees : 16,000+

Divisions :

Saradha Realty
Saradha Exports
Global automobiles
Saradha media group

Website : saradhagroup.biz


The Saradha Group financial scandal  was a major financial scam and alleged political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds. in Eastern India.

The group collected around ₹200 to 300 billion  from over 1.7 million depositors before it collapsed in April 2013.

In the aftermath of the scandal, the State Government of West Bengal where the Saradha Group and most of its investors were based instituted an inquiry commission to investigate the collapse.

The State government also set up a fund of ₹5 billion  to ensure that low-income investors were not bankrupted.




Scam                                               Year Amount (in crores) Place                           Scammers

Saradha Group financial scandal 2013 40,000 West Bengal Kunal Ghosh, Sudipta Sen, Madan Mitra and many more

Notes

Financial scam caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.

As a result of this scam (Odisha and W.B), Rajya Sabha MP Kunal Ghosh (All India Trinamool Congress) is in jail since Nov, 2013 for interrogations.

Odisha MP Ramchandra Hansda (Biju Janata Dal) MLA Pravat Tripathy (Biju Janata Dal) and former Odisha MLAs Subarna Naik (Biju Janata Dal)and Hitesh Kumar Bagarti (Bharatiya Janata Party) have also been arrested for ponzi scam.

Rajya Sabha MP from West Bengal Srinjay Bose (All India Trinamool Congress) has also been arrested.

West Bengal transport minister and All India Trinamool Congress MLA Madan Mitra was also arrested.

Thank you for reading
           JAIHIND.
  To be continued......


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