Properties of the Saradha Group of Companies in West Bengal and Odisha worth Rs 35.4 were attached by the Enforcement Directorate (ED), a statement issued by the ED on Wednesday said.
Saradha was one of eastern India’s biggest chit fund firms until its illegal business and fraud came to light in April last year. According to reports, the properties, including landed properties, buildings and bank accounts of the Saradha companies and their directors, attached in West Bengal amounts to Rs 34 crore while those attached in Odisha are of Rs 1.4-crore worth.
The ED, Eastern Region had earlier slapped cases against the Saradha Group of Companies in Kolkata, Bhubaneshwar and Guwahati under the provisions of Prevention of Money laundering Act.
The ED also attached the equity shares of Broadcast Worldwide limited (Tara TV channels). The ED is now trying to identify “other channels and end points of money laundering”, the statement said.
Notably, A Kolkata court had awarded three years in jail to Sardha ponzy scheme company chairman Sudipta Sen in the last week.
