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CBI arrests Matang Sinh's wife for her role in Saradha chit fund scam | Webmarked News

CBI arrests Matang Sinh’s wife for her role in Saradha chit fund scam

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Kolkata, Oct 08 (ANI): Central Bureau of Investigation (CBI) arrested former union minister Matang Sinh’s estranged wife Manoranjana Sinh for her involvement in Saradha chit fund scam in West Bengal. Manoranjana was taken for interrogation by the CBI from eastern Kolkata city. An unlicensed fund run by media conglomerate Saradha Group went bust in April 2013, wiping out as much as $3.7 billion in deposits from mostly low-income Indians, miring West Bengal’s government in scandal and illustrating the risks faced by the millions who live outside the banking system. Manoranjana had allegedly taken money from Saradha group chairman Sudipta Sen by threatening him. She is accused of misappropriation of funds, cheating and criminal conspiracy. Matang was arrested in January for his alleged role in the scam. He remains under judicial custody. He is accused of taking rupees 28 crore for selling a television channel that never went on air, to the Chairman of Saradha Group. Meanwhile, entrepreneur Santanu Ghosh was also arrested in connection with the chit fund scam. Ghosh’s lawyer Niladari Bhattacharya said he would apply for his client’s bail after being produced before the court.

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