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This is an archive article published on April 24, 2013

Saradha agents demand security

A large number of agents blockaded the highway for about an hour,the police said.

Agents of scamtainted Saradha group blockaded busy NH6 at Panchla in Howrah district today demanding security from the state government.

A large number of agents,who are facing the ire of thousands of depositors blockaded the highway for about an hour,the police said.

The blockade was lifted later by the agents,the police said. Hundreds of agents of the company have also been rendered jobless due to the collapse of the company and lakhs of investors have hit the roads alleging they have been duped of over Rs 30,000 crore.

The bubble burst after capital market regulator SEBI started cracking the whip on chit fund companies for flouting rules,triggering pressure on the group’s finance.

The group chairman along with a director and a company official were arrested yesterday from Sonmarg in Kashmir,where they had fled.

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