Supreme Court defers hearing in Saradha scam case for 2 weeks
The Supreme Court on Tuesday (February 23) postponed the hearing in the Saradha scam case for two weeks.
In December 2020, Central Bureau of Investigation has moved to the Supreme Court, seeking the arrest of former Kolkata top cop Rajeev Kumar. Rajeev Kumar was named in the multi-crore Saradha scam case.
CBI has also stated that Rajeev Kumar is crucial to the case, in order to unravel the links between Saradha group directors and the TMC leaders.
The investigating agency claimed that Rajiv Kumar was in charge of monitoring the proceedings of the seat formed to investigate the Sarada chit fund scam case.
A bench comprising Justices S Abdul Nazeer and Sanjiv Khanna deferred the hearing by two weeks as it has been conducting final hearing into the case related to winding up of six mutual fund schemes of Franklin Templeton.
The Saradha Group of companies had allegedly duped people to the tune of Rs 2,500 crore promising higher rates of return on their investments. The scam was unearthed in 2013 during Kumar's tenure as the Bidhannagar police commissioner.