After registering 43 cases in Odisha and three cases in West Bengal, the CBI said it would also probe the role of regulators like Sebi, RBI and ministry of corporate affairs as per the orders of the Supreme Court.
CBI named Sudipta Sen, Saradha Group's chief, besides others, in the cases which have been registered under various sections of the Indian Penal Code pertaining to cheating and criminal conspiracy.
The Supreme Court had last month handed over the Saradha scam probe to CBI and asked state governments to provide all logistical help to its team.
The CBI has formed a Special Investigating Team, headed by joint director Rajeev Singh, to probe the role of market regulators like Sebi and RBI. "The investigation conducted so far puts a question mark on the role of regulatory authorities like Sebi, Registrar of Companies and officials of RBI within whose respective jurisdictions and areas of operation the scam not only took birth but flourished unhindered," an apex court bench headed by Justice TS Thakur had said.
CBI special director Anil Kumar Sinha has been asked to monitor the progress in the probe and exercise administrative control under the overall supervision of the CBI director.
While Sen was arrested by the West Bengal police in Kashmir last year, Kunal Ghosh was apprehended on November 23 last year in connection with the scam. Ghosh was the media CEO of the Saradha Group of companies.