Saradha scam worth Rs 2,460cr; owner in control of deposits: Report
New Delhi: The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a
“The investors were paid an amount of Rs 476.57 crore. “As of April 16, 2013, the principal amount to be paid to the investors stood at Rs 1,983.02 crore,” the report added.
The statistics, prepared by the probe agencies after analysing the companies' business sheets and recording the statements of investors, show that 80 per cent of the depositors' money was still held up.
Sleuths found that the four Saradha Group companies, namely, Saradha Realty India Ltd, Saradha Tours and Travels Pvt Ltd, Saradha Housing Pvt Ltd and Saradha Garden Resort and Hotels Pvt Ltd were in the business of mobilising money from gullible investors.
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