Tuesday, Oct 21, 2014

Saradha scam: CBI raids Matang Sinh’s properties

Written by Madhuparna Das | Kolkata | Posted: August 15, 2014 1:32 am

The CBI on Thursday carried out searches at 28 locations across the country, including the residence of former Union minister Matang Sinh in Delhi, in connection with the Saradha chit fund scam.

The searches were carried out in Delhi, Bengal, Assam and Orissa in connection with CBI FIRs against the Saradha group, CBI sources said. Kanchan Prasad, CIO, CBI said in Kolkata, “The locations where the searches were carried out included the residences and offices of former minister Matang Sinh, (his estranged wife) Manoranjana Sinh, former IPS officer Rajat Majumdar, East Bengal Club official Debabrata Sarkar and Sudipta Sen (CMD of Saradha group).” The searches were going on at Delhi’s Gol Market residence and office of Sinh.

There are four FIRs against Saradha group in which it is alleged that thousands of investors were duped by the company officials and their associates who swindled their deposits. The Supreme Court had handed over the case to CBI.

Former IPS officer Rajat Majumdar, who retired as DG of Armed Police, West Bengal and became a consultant of Saradha group, said, “The CBI officers came to my residence and asked me whether I have any incriminating documents related to the scam. I told them I do not have any incriminating document. I also told them that I worked as a consultant with Saradha for 11 months. And I have handed over all necessary documents and audit reports to the investigators,” said Majumdar.

Majumdar is believed to be close to the state government — he continues to be a “Director” of the West Bengal State Electricity Distribution Company Limited. A top official of the power utility said he was inducted in the board as a “government nominee”. The West Bengal Power Development Corporation Ltd, another wing of the state power department, also has Majumdar as a “director”.

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