P Chidambaram’s wife, Nalini summoned by ED in connection with Saradha scam

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Updated: August 24, 2016 10:25:33 AM

Saradha chit fund scandal was a major financial scam caused by the failure of the Ponzi Group run by Saradha Group, a chit fund company

nalini chidambaram l ptiThey have summoned Nalini Chidambaram to investigate her role in the chit fund scam. (PTI)

In relation to the Saradha scam, Enforcement Directorate has issued summons to former finance minister P Chidambaram’s wife Nalini Chidambaram. They have summoned her to investigate her role in the chit fund scam.

Previously, CBI had named Nalini, in the sixth charge sheet filed in the Saradha scam. She was neither a witness nor accused, but acted as one of the privy for passing information on the controversial deal, Her name first surfaced when a letter from Saradha boss Sudipta Sen to CBI dated April 2013 claimed that she had been paid from Sardha accounts.

Saradha chit fund scandal was a major financial scam caused by the failure of the Ponzi Group run by Saradha Group, a chit fund company. Soon after the scandal, In the State Government of West Bengal where the Saradha Group and most of its investors were based instituted an inquiry commission to investigate the collapse. The group is known to have collected over $4-6 billion (Rs 200-300 billion) from 1.7 million depositors before its operations collapsed in April 2013. Th central government along with Income Tax department and ED installed a multi-agency probe panel to investigate the scam and other Ponzi schemes.

Prominent personalities and ministers have already been arrested for their involvement in the scandal. To name a few, Kunal Ghosh and Srinjoy Nose, Members of the Parliament, Madan Mitra, Sports and Transport minister in the West Bengal Government and football club official Debabrata Sarkar.

 

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