CBI registers 5 more cases in Saradha scam

CBI has registered five more cases in connection with the chit fund scam in Assam arising out of alleged financial bunglings by West Bengal-based Saradha group of companies.
The cases have been registered under IPC sections related to criminal conspiracy, cheating and criminal misappropriation against five companies operating in the northeastern state for allegedly duping gullible investors of their hard earned money, agency sources said.
Rose Valley, Silicon Multiservices Limited, Uro Agro India Limited and URO Infra Realty India Ltd and Prayag Infotech Hi-rise Ltd are the companies against whom the cases were registered yesterday.
The move almost coincided with one of the prominent Congress leaders from the state Himanta Biswa Sarma, a suspect in the scam who has been questioned for his alleged proximity with Saradha group chairman Sudipta Sen and whose house has been searched, expressing desire to join the BJP yesterday.

Sarma was a powerful minister in the Tarun Gogoi Cabinet since 2001 but was dropped by the chief minister after he allegedly spearheaded a campaign to dislodge him.