The Saradha scam was the April 2013 collapse of a West Bengal group of more than 200 companies, founded by Sudipta Sen, that took deposits from lakhs of small…
Deposits sold as land and holidays.
The cycle the SFIO called Ponzi.
Three years before any order.
Politicians named; claims, not proof.
Agents mobbed by investors.
Letter, flight, arrest, relief fund.
Same day as SEBI's wind-up order.
Taxpayers fund the first refunds.
Head of Saradha's media arm.
Too big for one state's police.
14 group companies.
Rs 2,459 cr to Rs 20,000 cr.
617 days in custody.
All later bailed.
Mamata Banerjee's sit-in.
Cooperate, but no arrest.
More names, across parties.
No single verdict.
Frozen, not repaid.
Prosecution failed to prove.
In West Bengal alone.
A 'systemic collapse' of trials.
Trial to be expedited.
Bail is not acquittal.
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