New Delhi: In the wake of an alleged fraud involving thousands of crores by Kolkata-based Saradha group, the Centre today ordered a SFIO probe into suspected misuse of the public money by various chit fund companies.
A special task force has been set up under the Serious Fraud Investigation Office (SFIO) to carry out all investigations into such companies, the Corporate Affairs Ministry said today in a statement.
The decision was taken in view of a "larger public interest involved in these cases, and concerns regarding misuse/laundering by such companies of the ill-gotten wealth and the possibility that the promoters of these companies may strip these companies," the Ministry said.
The probe follows raging public protest against alleged duping of lakhs of investors by Saradha group through their chit-fund and other money-pooling activities in West Bengal.
After being on the run for several days, Saradha Group Chief Sudipta Sen was arrested in Kashmir valley two days ago and has been brought to Kolkata.