CBI questions 3 Sebi officials in Saradha scam case

asit guin 2269 days ago Saradhaâ s money was used in 2011 Assembly election to garner political support to run its chit fund business in the state. Saradha Group started its real estate business in 2006 and got licence for real estate in 2008 during the LF regime. However, it gained huge patronage and support from Trinamool to survive after 2011 Assembly election. Money collected through agents was used for Trinamool candidates before and during Assembly election. Sarada CMD Sudipto Sen opened media houses to support the TMC. The number of bank transactions and the volume of money transferred before and during Assembly election could give a hint on the flow of funds of the chit fund during election. The matter would never be considered as this may reveal names of politicians who were involved in using money from the chit fund during Assembly election and took several advantages from the group. Most of the chit funds flourish in the state with political support. Mr Sen utilised his media organisations and supported TMC to continue his chit fund business. Even CM inaugurated one of the group's newspapers. Mr Sen had sent a letter to the CBI naming politicians who allegedly took money from him. Now the Trinamool leadership is washing its hands off from the entire episode. Political pressure would not allow investigators to get into the truth behind such crimes.