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Saradha scam: Company went bust, but website remains

The Saradha Group went bust over a year ago but its web site, which lured unsuspecting poor people into investing in its chit fund schemes and deprived them of their hard-earned savings, still exists.

The website www.Saradhagroup.Biz can be accessed on the Internet. It begins with a message, “Saradha Group of companies has brought in a new renaissance for better development of the country. We always give more importance for the development of the community, along with education and social upgradation. We give priority to moral values.”

It is 20 months since the chit fund company closed down, leaving lakhs of investors, mainly from rural Bengal, cheated of their life’s savings following which Saradha Group chairman Sudipto Sen was arrested from Kashmir in April, last year.

“We will look into the matter how the website is still there on the web,” an official of CBI, which is probing the fraud, told PTI when asked.

“It might be that the agency which has created the website, has been paid the money. We have to look into it,” he said.

The website has the address and contact numbers and email IDs of 69 branch offices of Saradha Group spread across West Bengal, Tripura, Odisha, Assam and New Delhi.

The home page opens with the message ‘You Wish We Fulfill’ and an introduction about Saradha’s journey which began 12 years ago.

It also mentions the group of companies that Saradha had floated.

They are: Saradha Construction, Saradha Realty, Landmark Cement, Saradha Agro, Saradha Education Hub, Saradha Tea Estate, Saradha Health resorts, Saradha Tours & Travels, Saradha Shopping Mall and Saradha Exports.

It went on to say, “Several other prolific ventures would soon come up to see the daylight. The group is driven by innovation, quality, excellence, and a social conscience.”


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