Enforcement Directorate, which is investigating the money trail of the Saradha Group, Saturday grilled at least six officials of Registrar of Companies ( ROC) and Sebi. The apex court, while ordering a CBI probe in the scam, had raised questions on the role played by market regulators into the Saradha scam and why agencies had failed to restrict these firms from operating in Bengal and other states.
According to senior ED officials, several Sebi and ROC officials have already appeared before ED, while RBI officials are yet to face a probe. Sources said officials of Sebi and ROC have submitted certain documents to the ED. “We have verified the documents submitted by both Sebi and ROC. While Sebi has tried to restrict Saradha by issuing notices and sending letters to the government, there have been gaps in the process of ROC,” an official of the directorate said.
“Sebi has issued several notices and started investigations, too. There was a court case on the issue. We have doubts on the role played by ROC. The companies were registered with them. Certain gaps were found,” an official said.
Meanwhile, a senior ED official said the CBI probe into the Saradha ponzi scam will not overlap with the ongoing investigation by the ED. “ The ED will investigate the flow of funds and persons responsible for money laundering. CBI, on the other hand will look into persons involved in the scam,” the official added.
The great Bengal swindle
CBI’S EOW likely to investigate
KOLKATA: The CBI has begun preparation to start investigation in the multi-crore Saradha ponzi scam. The case is likely to be investigated by the Economic Offence Wing of the CBI. “The CBI team will appeal for the custody of Kunal Ghosh as we have seen him streaming that his submissions were not given importance. We have been told there were involvements of officials of certain central government agencies such as Sebi, ROC and RBI. We will look into the aspect. The notification is yet to be issued for taking over the case,” a senior CBI official added.