The Central Bureau of Investigation (CBI) raided the office and residence of former minister Matang Sinh and 28 other places in connection with the multi-crore Saradha chit fund scam on Thursday.
Searches were carried out in Kolkata, Delhi, Guwahati and Odisha at the official and residential premises of former police officer Rajat Majumdar, East Bengal club official Debabrata Sarkar, former journalist Manoranjana Sinh and Sudipto Sen.
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.
