Chit fund scam: WB govt forms SIT to probe role of accused companies

Priyanka Gupta, CNN-IBN | Apr 22, 2013 at 11:55pm


As lakhs of investors in West Bengal lose their savings in a chit fund scam following the collapse of the Saradha Group, the state government on Monday formed a special investigation team (SIT) and instituted a high-level inquiry into chit fund companies operating in the state.