Monday, April 22, 2013

Saradha CMD siphoned off crores from 37 accounts

....The Sudipto (not Sudipta) Sen named in the gazette is son of Late Bhudu Sen of the Sanchayani Savings and Investments (India) Pvt Ltd. Police are examining records to find out whether the Saradha Group CMD Sudipta Sen is the same Sudipto Sen of the investment company registered as a residuary non-banking company under the Reserve Bank of India. According to the 39th report of the Petitions Committee submitted in Lok Sabha in January 2004, the company had collected Rs 800 crore from 50,000 small depositors.............

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