Odisha Sun Times Bureau
New Delhi /Kolkata, Feb 27:
Saradha was one of eastern India’s biggest chit fund firms until its illegal business and fraud came to light in April last year.
According to reports, the properties of the Group attached in West Bengal amounts to Rs 34 crore while those attached in Odisha are worth Rs 1.4 crore.
The ED, Eastern Region had earlier slapped cases against the Saradha Group of Companies in Kolkata, Bhubaneshwar, and Guwahati under the provisions of Prevention of Money Laundering Act.
The attached assets include landed property, buildings and bank accounts that belonged to Saradha group and its directors.
The ED also attached the equity shares of Broadcast Worldwide Limited (Tara TV channels).
The ED is now trying to identify “other channels and end points of money laundering”, the statement said.
Last week, Sudipta Sen, chairman of the ponzy scheme company, was sentenced to three years in jail by a Kolkata court .