Dejected Saradha boss looks lost in packed courtroom

Image
IANS Kolkata
Last Updated : May 09 2013 | 9:05 PM IST

Only months back, Saradha Group boss Sudipta Sen led a lavish and flamboyant lifestyle, lording over a huge business empire, splurging crores of rupees at his whims and fancies, and surrounded by a bevy of handpicked young women employees. It was a far cry from the dejected and dishevelled man sitting beside petty criminals in the lockup Thursday waiting for a court to decide his fate.

But with his companies gone bust, the man purportedly behind the biggest financial scam to hit West Bengal seemed lost in the court.

Sen and two other company directors Debjani Mukherjee and Arvind Chouhan were brought to the Bidhannagar Additional Chief Judicial Magistrate's Court under heavy security early this morning to avoid possible protests by depositors and agents.

But groups of Bharatiya Janata Party and Congress workers gathered outside the court premises and raised slogans against Sen, while demanding exemplary punishment for him.

The arrested trio is facing prosecution for cheating and other offences with as many as 150 police complaints filed till date and still counting after the chit fund aided Saradha Group collapsed robbing lakhs of depositors of their hard earned money.

They were arrested April 23 from Sonmarg in Kashmir.

Sen - once the suave business tycoon who zoomed out in luxury cars sporting expensive suits - was brought to the court in a white kurta-pyjama set bearing an unshaven and unkempt look.

His close aide, the 27-year-old Debjani - who had risen from a mere receptionist to the coveted rank of a director within a matter of years after she became Sen's favourite - appeared nondescript in an ordinary salwar kameez inside the court premises. Time and again, she looked in anticipation towards the judge as the battery of lawyers put forth one argument after another pleading for their bail.

During the hearing, both Sen and Debjani would look heavenwards at times, perhaps seeking divine intervention. However, much to their despair, the court after hearing the prosecution and the defence at length, denied bail and extended their custody.

Sen, who earlier had dropped a bombshell when he wrote to the Central Bureau of Investigation (CBI) alleging he was fleeced and blackmail by various big shots including Trinamool Congress and Congress leaders, soccer officials and businessmen and journalists, said he would come out with more once the investigation was complete.

"I will reveal everything once the investigation is complete," Sen told reporters while coming out of the court, when asked about involvement of political leaders in the scam.

But for now, more sessions of gruelling police grilling awaits the man who had once proudly told his cronies: "Whatever I see around me, I feel like buying."

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 09 2013 | 8:43 PM IST

Next Story