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Court refuses CBI probe into Saradha scam

Source : IANS
Last Updated: Wed, Jun 19, 2013 10:20 hrs

Kolkata, June 19 (IANS) The Calcutta High Court Wednesday refused to order a CBI probe into the Saradha Group chit fund scam, but did not dispose of the matter "in the interest of justice".

Hearing a public interest litigation (PIL), a division bench of Justice A.K. Banerjee and Justice M.K. Chaudhuri refused to order a Central Bureau of Investigation probe into the multi-crore Saradha scam. But on the request of the amicus curiae, the matter has not been disposed of.

After court's refusal to order a CBI probe into the scam, advocate Lakshmi Gupta, who has been appointed as an amicus curiae, pleaded that the matter be not disposed of and be kept pending, which the court accepted.

"Considering the grave nature of the offence, in the interest of justice the matter be not disposed of," pleaded Gupta.

Asserting that the "biggest" financial scam to hit Bengal was not only confined to the state but has affected millions of investors across the country, the PIL had sought a Central Bureau of Investigation probe into the matter.




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