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SEBI orders Saradha Realty to close schemes, refund money

Last Updated: Tuesday, April 23, 2013, 23:22

Market regulator SEBI Tuesday ordered Kolkata-based Saradha Realty India to close all its collective schemes and refund the money collected from investors within three months, amid continuing protests against the alleged fraudulent activities of the group.

Chit-fund scam: Saradha chairman Sudipto Sen detained in J&K

Last Updated: Tuesday, April 23, 2013, 18:30

Sudipto Sen, the chairman of Saradha group, has been detained from Sonmarg in Jammu and Kashmir along with two other company officials on Tuesday.

Saradha fiasco: Mamata forms SIT, probe commission

Last Updated: Monday, April 22, 2013, 18:36

Speaking over collapse of chitfund company, Saradha Group, which hit depositors across West Bengal, CM Mamata Banerjee instituted high-level inquiry and deputed a special investigation team into it.