The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1][2][3] in Eastern India.
Title | Saradha Artiste | Thiwanka Dilshan Music | Prageeth Perera Lyrics | Harshana K Perera Directed by Kasun Kavinda @ Leonine Motion Pictures Fight Choreo, Cinematics by Akash Sunethkumara ...
Investors of Saradha were rarely told about the true nature of their investments. They were simply lured by being told that they would get high returns after a fixed period. In order for the scam to last it would have to keep getting a higher number of investors on a regular basis.
The Saradha scam, also known as Saradha Group financial scandal, was a major financial scam that surfaced in 2013. Investigation into the multi-crore ponzi scheme has been on since then.
What is Saradha scam case | What is Saradha Chit Fund scam | The TMC ...
Sudipta Sen, chairman and the managing director of the Saradha Group, is accused of masterminding the inter-state multi-crore scam and was arrested in 2013. He is scheduled to be released from...
Saradha scam trials: 13 yrs on, Bengal’s biggest financial ... - MSN
Thirteen years after his arrest, Saradha Group chairman Sudipta Sen has been granted bail by the Calcutta High Court in the final cases of the multi-crore ponzi scam.
13 Years Later: Why the Calcutta HC Just Granted Bail to Saradha ...
It involved a multi-level marketing and Ponzi scheme run by the Saradha Group, which collapsed in 2013, causing financial ruin for thousands of investors. This case study examines the origins, operations, fallout, and legal proceedings related to the scam. Background.