The Central Bureau of Investigation (CBI) will file First Information Reports (FIRs) in the Saradha chit fund scam next week, an officer said.
The agency is studying the large number of complaints filed in this Bengal-centred case in various states. The agency’s priority would be to go after the key persons behind the fraud. The official said, “We will file FIRs to look at the larger conspiracy.”
The CBI will also probe the role of regulatory bodies like capital markets regulator Securities Exchange Board of India (Sebi) and the Reserve Bank. The agency will seek information gathered on the modus operandi of Saradha Realty by these bodies.
Sebi had filed a report to the Supreme Court on how Saradha, on the pretext of developing land, constructing flats, running tours and travels and resorts collected Rs 2,459 crore over five years.