The probe team questioning Saradha chief Sudipta Sen on Wednesday revealed the firm raised R2,100 crore in deposits between April 2008 and April 2013, though Sen returned R800 crore to the depositors on account of principle and interest.
The Bidhan Nagar police, which is questioning the ponzi scam accused, said according to Sen’s statements, of the R800 crore that Saradha paid its depositors back, R560 crore was returned on account of principle. The rest was paid on account of interest.
The state’s economic offences wing, which started tracking Saradha from April 2010, found the company ran various deposit schemes with periods ranging from 15 months to 120 months. An official told Fe that Saradha ran a 5-year period monthly deposit scheme with the minimum deposit amount fixed at R100 a month. There was no upper limit for deposits under the scheme. The rates offered were between 12% and 24% depending on the amount of deposit.
The company ran fixed deposit schemes for various periods with a lower limit of deposit amount fixed at R10,000 and the upper limit at R100,000.