Has WB's chit fund scam flourished under political patronage?

Rajdeep Sardesai, CNN-IBN | Apr 23, 2013 at 11:30pm


Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said.