Saradha Group chairman Sudipto Sen was sentenced to three years’ rigorous imprisonment by a Bidhannagar court on Friday in a provident fund default case, making it Sen’s first conviction in a slew of cases involving a multi-crore chit fund scam.
A Bidhannagar sub-divisional court magistrate convicted and sentenced Sen to three years’ rigorous imprisonment and a fine of Rs 10,000. Sen, whose Saradha Group ran the ponzi schemes under different names, would have to undergo another six months’ imprisonment if the fine is not paid, the court directed.
He was convicted under section 406 (criminal breach of trust) for default in depositing provident fund of employees, to which Sen confessed before the court.
- Twitter War Between Congress Leader Amarinder Singh & Delhi CM Arvind Kejriwal
- Life Of Actor-Dancer Ashwini Ekbote Who Died During A Performance
- Idea Exchange With Gurmeet Ram Rahim Singh
- PM Narendra Modi Bats For Equal Rights : Here What He Said On Triple Talaq
- Uncle Shivpal Targets Akhilesh, Claims CM Told Him He Will Form Another Party
- Pakistan Continues To Violate Ceasefire In RS Pura
- Samajwadi Party’s internal fight divides SP
- Cyrus Mistry Removed As Chairman of Tata Sons: Here’s What Happened
- Wreath Laying Ceremony Of Slain Soldier Sushil Kumar Observed
- Virat Kohli Powers India Home With Unbeaten 154
- Pakistan Resorts To Heavy Mortar Shelling, 1 BSF Jawan Dead, 3 Injured
- Bigg Boss 10 Weekend Ka Vaar: Priyanka Jagga Evicted
- Here’s How Much Army Welfare Fund Has After MNS Demanded Rs 5 Cr To Cast Pak Artistes
- Shiv Sena Chief Uddhav Thackeray Take A Jibe At MNS: Here’s What He Said
- Samajwadi Party Crisis Deepens: Here’s How It Will Impact UP Polls
He was also sentenced to three years’ imprisonment for ‘conspiracy’ under section 120B of IPC in connection with the PF default.
Both the terms would continue concurrently and the number of days he has already undergone imprisonment since his arrest in April, 2013 would be deducted from his imprisonment term.
Several hundred cases are still pending against Sen, accused of duping lakhs of depositors in West Bengal and other states.