New Delhi: The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed.
The report also states that the arrested Saradha chairman Sudipta Sen was in “total control” of all deposits made by his group companies, which are under the scanner for having perpetrated the alleged fraud.
Four companies of the Saradha Group, the report said, used to mobilise money through three schemes - ‘fixed deposit', ‘recurring deposit' and ‘monthly income deposit' - which lured innocent depositors with promises of either “landed property or a foreign tour” as incentive returns.
A joint investigation report of West Bengal police and Enforcement Directorate (ED), in possession of PTI, stated that, “the summary report (of the group) for the years 2008-12 revealed that the four companies of Saradha Group had mobilised an amount of Rs 2,459.59 crore through issuance of their policies.
