SIT probe satisfactory,no need for CBI: Sudipta

SIT probe satisfactory,no need for CBI: Sudipta

Chit fund scam New bench to hear PILs seeking CBI probe.

Chit fund scam New bench to hear PILs seeking CBI probe.

The Calcutta High Court division bench headed by Chief Justice Arun Mishra today transferred the hearing of the PILs seeking a CBI inquiry into the Saradha scam to another division bench. The PILs will now be heard by a new bench of Justices A K Banerjee and M K Chaudhuri.

Meanwhile,Saradha group CMD Sudipta Sen filed an affidavit opposing the CBI investigation on the ground that he was happy with the probe being carried out by the Special Investigation Team (SIT) of the state government.

Sen also sought an order directing the judicial commission appointed by the state government or court-appointed persons to take control of the assets and property of Saradha group.


Advocate Subrata Mukhopadhyay said the Bidhannagar court had allowed opening of six bank accounts of Saradha,violating a High Court order. When told that the bench,which has been hearing the PILs in this regard since last week,would not sit tomorrow,he prayed for transfer of the matter to another bench.

Then the division bench of the Chief Justice said the case would be transferred to another bench,which will hear the case tomorrow. It was learnt that the Chief Justice will not be available on Thursday as he will be in Delhi for official purposes.

In his affidavit,Sen said that the SIT set up to probe the Saradha scam was carrying out the investigation effectively and that all the complaints should be handed over to the SIT for effective and hassle-free investigation. The CBI was busy with other cases while the SIT would investigate only the Saradha case and hence do it effectively,he added.

In the affidavit,Sen sought the intervention of the High Court for the protection of assets and property of his group. He requested the court to pass an order directing the judicial commission or court-appointed persons to take control and physical possession of the property and assets,prepare a list of genuine investors with the help of the SIT,and arrange for sale of the property and assets at proper market value. The amount received from sale and available from the banks should be distributed to the genuine investors and creditors of the company,Sen said in the affidavit.

Sen also stated that all the FIRs and complaint lodged against him or Saradha be transferred to the SIT within a specific time limit by an order of the high court and those cases should be heard by the Bidhannagar court.

The affidavit also described the affairs of the media houses run by Saradha. According to the affidavit,the employees of the media houses received high salary in comparison to other media houses. The media houses were incurring heavy losses from the beginning and more than Rs 1 crore was required every month to bear the salary costs of the employees. Kunal Ghosh was appointed CEO of the media group from 2011 but he failed to achieve break even point,said Sen.