CBI to form SIT to probe Rs 10,000 crore Saradha chit fund scam

The CBI will also look into the role of regulators like SEBI, authorities under the Companies Act and the Reserve Bank of India(RBI) as directed by the apex court.

 The court in its order had pointed out that there was yet another aspect which relates to the role of the regulatory authorities.

“Investigation conducted so far puts a question mark on the role of regulatory authorities like SEBI, Registrar of Companies and officials of the RBI within whose respective jurisdictions and areas of operation the scam not only took birth but flourished unhindered,” a bench headed by Justice T S Thakur said in its order.