PART-19. 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.

Opinion
14/12/2016.
       916.
                All Members,
         Respected family members of this great holy Nation.

SCANDAL STORY :

Part-19. Central agencies :

A.

19.1
On 30 April 2013 CBI started investigating into the Saradha Group scandal in Assam at the request of the state government.

Chief Minister of Tripura said Tripura may also order a CBI probe into Saradha Group.

19.2

In West Bengal, because the criminal investigation had not initially been handed over to the CBI, the Enforcement Directorate (ED)—a Central Government agency which primarily probes money laundering—led the investigation on behalf of the Central Government.

In April, 2014, ED arrested the absconding wife, son and daughter-in-law of Sudipta Sen, all of whom had been directors of various companies of Saradha Group.

ED also questioned TMC MPs Ahmad Hassan and Arpita Ghosh about their financial transactions with Saradha Group.

ED alleged that West Bengal police has not cooperated with it and obstructed its investigation.

19.3

In May 2014, the Supreme Court transferred all investigations into 44 deposit-mobilising companies—including Saradha Group—suspected of running Ponzi schemes in the states of West Bengal, Odisha, Assam, Jharkhand and Tripura, to CBI.

 As per Supreme Court's order Bengal SIT handed over all arrested suspects including Sudipto Sen, Debjani Mukherjee and Kunal Ghosh over to CBI.

CBI questioned several prominent personalities who were connected with Saradha Group; some—including TMC vice president and former Director General of Police (DGP) in West Bengal Rajat Majumdar, Assamese singer and filmmaker Sadananda Gogoi and former advocate general of Odisha Ashok Mohanty.

Former Assam DGP Shankar Barua who was a suspect in the Saradha scandal and whose house was searched by CBI, committed suicide.

On 21 November 2014 CBI arrested Srinjoy Bose, another TMC parliamentarian in connection with the scam.

 On 12 December 2014, CBI arrested West Bengal Transport minister Madan Mitra on the charges of criminal conspiracy, cheating, misappropriation and deriving undue financial benefits from the Saradha Group.

B.

Convictions and sentences :

In February 2014, Sudipta Sen was convicted in a case where he was charged, under various provisions of employment law, as a director of Saradha Group for his failure to deposit with the provident fund authorities INR 0.03 million that his firm owed to its employees; he was sentenced by the trial court to three years in jail, it was the first conviction in a series of civil and criminal cases, relating to corporate fraud and non-payment of deposits, pending against him.

NOTE -

1. ANOTHER CASE LIKE LALU'S FODDER SCAM, WHERE :

1.1
Former Bihar chief minister and Rashtriya Janata Dal president Lalu Prasad was sentenced to 5 years in jail in a fodder scam case by a special CBI court on 3 October 2013.

The court of Pravas Kumar Singh announced the quantum of punishment via video conference due to security reasons.

Prasad has also been slapped with a fine of Rs 2.5 million.

The 65-year-old leader has lost his Lok Sabha seat and is also barred from contesting election for six years following the sentencing due to an earlier Supreme Court order.

Another former Bihar chief minister Jagannath Mishra has been handed a 4-year sentence

1.2
The Fodder Scam  was a corruption scandal that involved the embezzlement of about 9.4 billion (equivalent to 34 billion or US$500 million in 2016) from the government treasury of the eastern Indian state of Bihar.

 Among those implicated in the theft and arrested were then Chief Minister of Bihar, Lalu Prasad Yadav, as well as former Chief Minister, Jagannath Mishra.

The scandal led to the end of Lalu's reign as Chief Minister.

There is also allegation on Shivanand Tiwari of receiving 1 crore and 60 lakh Rupees respectively from S.N. Sinha.

2. LOOK, HOW LIGHT THE PUNISHMENT FOR SUCH HIGH VALUE FINANCIAL SCAM;

3. THIS IS THE REASON CRIME GROWS, AS THE JUSTICE IS VERY WEAK;

4. THESE CRIMINALS SHOULD BE JAILED TILL THE END OF THEIR LIFE.

5. AND IT FUSED, LEAVING THE CRIMINALS STILL ROAM FREE

THE END

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           JAIHIND.
  To be continued....