With the CPI(M) demanding a CBI probe into the scam that defrauded lakhs of small investors, the party's politburo member and former chief minister Buddhadeb Bhattacharjee accused the Mamata Banerjee-run government of becoming a "symbol" of the Saradha Group which defrauded lakhs in the state.
"It is a scam of thousands of crores of rupees. Where has the money gone and to whom? Everything will come out. It (TMC) talks about being truthful, but it is a government of lies," he alleged.
"Going by what I see every day in the media, this government can be seen as a symbol of Saradha and not of honesty ... the day is not far when it will fall," he said.
The BJP also had no kind words. The state BJP unit president Rahul Sinha blamed the Trinamool Congress for the mushrooming of money laundering companies and joined the chorus with Congress and CPI(M) for a CBI probe.
West Bengal Chief Minister Mamata Banerjee has been vociferously maintaining that the seed of the scourge was planted during the erstwhile Left Front regime which saw the proliferation of such companies raising money from people promising unrealistic returns. The issue became more murkier of late with both Rahul Gandhi and Mamata Banerjee trading charges against each other with the former pitching for a CBI probe into the matter much to the dislike of the chief minister.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)