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Mamata Vs Modi: Saradha chit fund to Mamata Banerjee’s indefinite dharna; here's the inside story of West Bengal drama

Speed News Desk | Updated on: 5 February 2019, 11:04 IST

In Saradha chit fund scam, the reaction to the CBI’s action is so high that anti-BJP camp was once again on one platform. Months before the Lok Sabha election this front of opposition parties has changed the politics of the state. On Sunday when CBI officials went to Kolkata Police Commissioner Rajeev Commissioner’s house for the question. Here the officials were stopped and were later detained by the state police.

After this fiasco, CM Mamata Banerjee sat on Dharna against the BJP government calling it ‘Satyagrah’. In such a case, the questions are rising, is there really something of which West Bengal Chief Minister is scared off and protecting Rajeev Kumar?

Saradha Chit Fund:

To find the answer, the chit fund case has to be understood in depth. In fact, the Saradha Chit fund scam is about Rs 40,000 crore, which started in West Bengal in July 2008 by making a chit fund company named after the Sharada Group. Through this company, tempting offers were given to cheating the common people and money was taken from around 10 lakh people, in addition to West Bengal, Odisha and Assam people.

Sharda Group offered to people to make money 34 times of the basic amount by investing in bonds of 25 years. In addition, by investing in potato business, it was shown to double the amount in 15 months. In just four years, in addition to West Bengal, 300 offices were opened in Jharkhand, Orissa and North East states. But when the time came to return money to the people, the offices of the Saradha Chitfund company were shut.

It is alleged that the owner of Sharda Chitfund Company, Sudipto Sen, made relation with every party leader during the scam. Because of this, such a big scam could be executed. But when this scam opened, many ministers and MPs of the Mamta Banerjee Government came in to wrap.
2013 the came was disclosed:

The Saradha scandal was exposed in the year 2013, for which the Mamata Government ordered the probe of the West Bengal Police's SIT and this SIT was led by IPS Rajeev Kumar.

As SIT head, Rajiv Kumar was arrested in Jammu and Kashmir by the mastermind of the Saradha scam and Sarda Chitfund chief Sudipto Sen and his associate Devjani Mukherjee were arrested.

 2014 CBI was handed over the case:

The Supreme Court handed over the investigation of this case to the CBI in 2014. The accused, arrested in the CBI inquiry, told that the SIT had seized some important documents from him along with a red diary, pen drive. Now the CBI claims that the names of the leaders who took the money from Chitfund Company in the red diary seized by the SIT were named. It is alleged that Rajeev Kumar, who was SIT head at that time, did not submit the important documents related to the case to the CBI. The CBI says that some important evidence related to scams had either been tampered with or they were vanished to save certain people during the SIT investigation.

In this connection, the CBI wanted to interrogate Kolkata's current police commissioner Rajeev Kumar but he did not respond to CBI's notice. Following which, CBI official reached Rajiv Kumar's house on Sunday (January 3rd). The police opposed it, after which political violence started in West Bengal.

Also read: Mamata Vs Modi: As Mamata Banerjee continues sit-in dharna, SC to hear the CBI plea in connection with top cop Rajeev Kumar

First published: 5 February 2019, 11:04 IST