Finance ministry meet to take up Saradha issue tomorrow

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New Delhi, April 25: The Union finance ministry has called a meeting on Friday to take up the recent chit fund scam issue in West Bengal. Financial services secretary, corporate secretary and officials from concerned departments are expected to be present at the meeting.

The ministry is likely to discuss the possibility of conducting a survey of the various Ponzi scheme that are operating across the country.

Sources said the decision to include the Reserve Bank of India in the investigation against the chit fund companies could also be taken at the meeting.

Thousands of small investors went bankrupt after a chit fund scheme went bust in West Bengal recently.

The Saradha Group, which ran the chit fund business and other businesses like realty, media and tourism, collapsed and its millionaire owner Sudipta Sen was arrested in Jammu and Kashmir along with some associates on Tuesday and they were brought to Kolkata in transit remand on Wednesday.

The accused were produced in a Kolkata court on Thursday amid protest by the victims.

OneIndia News

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