Saradha kingpin's wife, son sent to ED's custody
Posted on Apr 17 2014 | IANS
Kolkata, April 17 : A city court Thursday sent Saradha chit fund scam kingpin Sudipto Sen's wife Piyali and son Subhojit to five days custody of the Enforcement Directorate.
The agency had arrested the duo Wednesday night from the city under the Prevention of Money Laundering Act.
Claiming that the arrested duo have made illegal transactions worth crores of rupees, the ED counsel sought their custody which the court allowed. it directed the duo will remain in the custody of the agency till April 22.
However, their counsel Naresh Balotia argued that a case under the money laundering act cannot be made against the accused and the agency was yet to give any concrete evidence to suggest the money transacted by the mother-son duo was ill-gotten.
Probing the multi-crore scam, the ED so far has attached numerous properties owned by the Saradha group including those by Sudipta and his family.
Sudipta and several of his cronies are now behind bars for the scandal which came to light in April last year. The company closed shop across Bengal after being unable to pay back the depositors -- mainly poor people who, lured by the promise of huge returns, parked their life's savings with the firm.
Suspended Trinamool Congress Rajya Sabha member Kunal Ghosh is also under arrest for for his alleged complicity in the biggest financial scandal to hit West Bengal.