HomeNewsTrendsCurrent AffairsSaradha chitfund: Sudipta Sen sent to 14-day police remand

Saradha chitfund: Sudipta Sen sent to 14-day police remand

Sudipta Sen, the main accused in the multi-crore Saradha chit fund scam, and his two other accomplices were today remanded in 14-day police custody by a court , even as police claimed that the company's director Debjani Mukherjee played a key role in decision-making.

April 26, 2013 / 08:46 IST

Sudipta Sen, the main accused in the multi-crore Saradha chit fund scam, and his two other accomplices were today remanded in 14-day police custody by a court, even as police claimed that the company's director Debjani Mukherjee played a key role in decision-making.

Also read: Sebi orders Saradha Realty to close schemes, refund money


Sen, the group's chairman, along with Mukherjee and Arvind Singh Chouhan, who looked after the company's interests in Jharkhand, were produced before Additional Chief Judicial Magistrate A H M Rahman court in Bidhannagar. The three were charged under IPC sections 406 (criminal breach of trust), 420 (cheating) and 506 (criminal intimidation).


The court said that Sen could have a lawyer during interrogation if he desired and also asked the Bidhannagar police commisionerate to provide details of pending cases in their jurisdiction against the trio within a week. Meanwhile, Deputy Commissioner of Bidhannagar police Arnab Ghosh said that Mukherjee was a key decision-maker.


"We have come to know that Debjani had played a role in the decision-making process of Saradha," he said. Asked why the other Saradha directors were not arrested, Ghosh said all directors were not part of the decision-making process and cited the example of Hemant Pradhan who was actually a cook and had no idea that he had been made a director. Outside the court, placard-waving Youth Congress and BJP workers held demonstrations demanding that Sen be punished for duping thousands of investors and action against TMC MPs whose names figured in the scam.

first published: Apr 25, 2013 09:25 pm

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