Saradha chitfund: Sudipta Sen sent to 14-day police remand

Image
Press Trust of India Kolkata
Last Updated : Apr 25 2013 | 8:20 PM IST
Sudipta Sen, the main accused in the multi-crore Saradha chit fund scam, and his two other accomplices were today remanded in 14-day police custody by a court here, even as police claimed that the company's director Debjani Mukherjee played a key role in decision-making.
Sen, the group's chairman, along with Mukherjee and Arvind Singh Chouhan, who looked after the company's interests in Jharkhand, were produced before Additional Chief Judicial Magistrate A H M Rahman court in Bidhannagar.
The three were charged under IPC sections 406 (criminal breach of trust), 420 (cheating) and 506 (criminal intimidation).
The court said that Sen could have a lawyer during interrogation if he desired and also asked the Bidhannagar police commisionerate to provide details of pending cases in their jurisdiction against the trio within a week.
Meanwhile, Deputy Commissioner of Bidhannagar police Arnab Ghosh said that Mukherjee was a key decision-maker.
"We have come to know that Debjani had played a role in the decision-making process of Saradha," he said.
Asked why the other Saradha directors were not arrested, Ghosh said all directors were not part of the decision-making process and cited the example of Hemant Pradhan who was actually a cook and had no idea that he had been made a director.
Outside the court, placard-waving Youth Congress and BJP workers held demonstrations demanding that Sen be punished for duping thousands of investors and action against TMC MPs whose names figured in the scam.
*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: Apr 25 2013 | 8:20 PM IST

Next Story