New Delhi, March 22: The CBI conducted a search at the Securities and Exchange Board of India office in Mumbai on Monday following the alleged role of three of its senior officials in permitting the Saradha Ponzi scheme.
The Central Bureau of Investigation (CBI) team conducted searches at the offices and residences of three SEBI officials – Chief General Managers Jayant Jash and Jeevan Sonparot, and Deputy General Manager Prasenjit Dey.
He said that Jash and Dey were stationed in Kolkata when the Sarada Ponzi scheme was being run in West Bengal and neighboring states, while Sonprot was stationed in Mumbai.
There are several FIRs against the Saradha Group in West Bengal alleging that thousands of investors were cheated by company officials and their associates who cheated their deposits.
In 2014, the Supreme Court handed over the investigation into the Saradha chit fund scam to the CBI and asked the state governments to provide all logical help to the investigating agency.
It was revealed during the investigation that, the schemes floated by the Saradha Group subsidiary were illegal collective investment scheme (CIS) activities and the regulator passed an order against the company and its promoters.
The order was passed by the Securities and Exchange Board of India (SEBI) three years after a complaint from the Economic Offenses Investigation Cell (EOIC), Director, West Bengal, that Saradha Realty India Limited collected funds from the public, especially from rural areas. Has been doing. State.