Saradha Group financial scandal
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Founder: Unclear
Headquarters: Kolkata, West Bengal, India
Key people: Sudipto Sen, Chairman and MD; Debjani Mukherjee, Director; Kunal Ghosh
Number of employees: 16,000+
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The Saradha scam, also known as Saradha Group financial scandal, was a major financial scam that surfaced in 2013. Investigation into the multi-crore ponzi ...
Oct 13, 2023 · Saradha Group Scam by Sudipto Sen shocked and left many of the depositors bankrupt. He did so with ponzi schemes where he issued debentures ...
Dec 6, 2022 · One of these is the Saradha Scam. The collapse of the Ponzi scheme operated by Saradha Group led to a significant financial and political crisis ...
Dec 18, 2023 · The scam involved various companies, including the Saradha Group and the Rose Valley Group and promised extravagant returns to investors.
This Saradha Group in West Bengal was alleged of cheating more than a million investors by running Ponzi schemes and thus executed the scam worth more than ...
Feb 4, 2019 · The ongoing stand-off between the CBI and the West Bengal government has its roots in two alleged ponzi scams associated with the Saradha Group ...
Jan 2, 2024 · The scam came to light when the Saradha Group, one of the major players in the chit fund business, collapsed, causing widespread panic and ...
Feb 4, 2023 · The Saradha company allegedly ran several ponzi schemes in West Bengal, defrauding lakhs of people. Thousands of crores of rupees were ...
Mar 20, 2023 · Although Saradha had disguised itself initially as a chit fund they began by issuing debentures and redeemable preferential bonds to the public.