CPI-M claims that involvement of top TMC leaders in Saradha chit-fund scam proved

Hitting out the Trinamool Congress government in West Bengal, the Communist Party of India-Marxist (CPI-M) on Tuesday claimed that the picture was now getting clearer and that the top leadership of the Trinamool Congress (TMC) is involved in the Saradha chit-fund scam.

Reacting on former West Bengal DGP's arrest, CPI-M general secretary Prakash Karat, told ANI, "The Trinamool Congress leadership is involved in this; all names will be out soon."

Prakash Karat's wife, Brinda Karat, took the Trinamool Congress government-led by Mamata Banerjee in West Bengal to task stating that scam on such a scale was unheard of in West Bengal.

" It's very clear that top TMC leaders, some of whom were former officers in the government, including the police are involved in this huge scam in West Bengal. Such a scam West Bengal has not seen before. And this is been made possible only because of the patronage and protection of Mamata Banerjee," CPI-M leader Brinda Karat told ANI.

"Therefore, the arrests are essential but along with the arrests, what about the money which is being looted from the people. I don't know how many lakhs of rupees this man was getting from Saradha. What about the money which is to be returned to the people. There are lakhs of people whose savings have been divested by this government and by its leaders. We also want the money back ," she added.

"I think there is absolutely no doubt about it now, and the CBI enquiry is absolutely making it clear. Every day a new name is coming, and the CBI should go ahead with this investigation and they have to arrest those involved; nobody is above the law, whether it is the chief minister or anybody else," she further added.

Earlier today former Director General of Police (DGP) of West Bengal, Rajat Majumdar , was reportedly arrested by the Central Bureau of Investigation (CBI) for his alleged involvement in the Saradha chit-fund scam.

According to reports , the CBI has registered a total of 48 cases in the Saradha chit fund scam bringing under its lens regulatory body like the Securities Exchange Board of India (SEBI) and the Ministry of Corporate Affairs.

Trinamool Congress leader and Rajya Sabha member Kunal Ghosh has been named in one of the FIRs along with Sudipta Sen, chairman of the Saradha Group.

There are four FIRs against Saradha Group in which it is alleged that thousands of investors were allegedly duped by the company officials and their associates who swindled their deposits.

The Supreme Court had in May directed CBI to probe the Rs. 10,000 crore Saradha Scam.