While the CBI raids in Odisha in the multi-thousand crore chit fund scam continue, CBI Joint Director and head of the CBI-constituted Special Investigation Team (SIT) Rajiv Singh arrived here on Wednesday.
Sources said Singh scrutinised several important documents pertaining to the scam at the CBI office here said. He is here to gather evidence from the documents seized during the raids and statements recorded against the chit fund companies being probed by the national investigating agency.
Singh would be discussing with senior CBI officials here on future raids on accused companies and officials and prepare a blueprint for the same, the sources added.What has surprised many is the manner in which only lesser known chit fund companies and political lightweights have been targeted by the CBI so far.All eyes are now on the AT Group companies, whose Managing Director Pradip Sethi had said that several political leaders, journalists and bureaucrats took money from his company. Similarly, companies like Seashore, Astha, Greenray have so far not been probed by the SIT.
The sources said the CBI’s scanner would now focus on the links of politicians with these ponzi companies and their activities.The SIT head would also be probing the role of the SEBI and the RBI in allowing these fraud companies to flourish in gross violation of the existing norms, the sources said.
“Investigation conducted so far puts a question mark on the role of the regulatory authorities like the SEBI, Registrar of Companies and officials of the RBI within whose respective jurisdictions of operation the scam not only took birth but flourished unhindered,” a Supreme Court Bench headed by Justice TS Thakur had said in its order.