A 50-year-old domestic help on the outskirts of Kolkata set herself ablaze after she lost Rs 30000 that she had invested in a deposit scheme run by the Saradha group.
An agent of the company also attempted suicide out of the fear of facing depositors' wrath.
The company's offices across West Bengal have shut down and many of its cheques have bounced.
It is unlikely that the depositors, most of whom are poor, working-class people, will be able to recover the money.
Though the Chairman and Managing Director, Sudipto Sen, has been arrested, this hardly provides any relief to the scores of depositors who have lost their hard-earned money.
Image: Saradha group chief Sudipto Sen being taken to the court at Ganderbal on Wednesday, a day after he was arrtested from a hotel in Sonamarg.
Text: Priya Nair, Business Standard