In a new twist to the Saradha ponzi scam investifgation, CBI officers have stumbled upon information that Saradha Tours and Travels were made official partners of IRCTC in the Railways' package tour of South India, under the Bharat Teertha scheme introduced by then Railway Minister Mamata Banerjee in her 2010-11 budget.
Describing the media reports that Saradha Tours & Travels was a service provider of the IRCTC as "factually incorrect", the Railway PSU, in a statement said the agency was empanelled as a sales agent for marketing of tourism products on travel agent's commission basis and nothing else.
"In line with this, M/s Saradha Tours & Travels Pvt Ltd was empanelled as direct sales agent of IRCTC/East Zone for marketing of tourism products on travel agent's commission basis like several other agents empanelled," the statement added.
Out of the three Bharat Teerth Trips originating from Kolkatta, Saradha Tours & Travels had booked passengers in first two trips along with other travel agents, it said.
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
