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Odisha court sends Saradha chief on 10 days’ remand


Reported by Santosh Jagdev

Bhubaneswar, July 10:

A court in Odisha  today sent Sudipta Sen, the head of Saradha Chit Fund Company, on 10 days’ remand on the request of Enforcement Directorate (ED).

Pic: Biswaranjan Mishra
Pic: Biswaranjan Mishra

Sen was produced before the district and sessions court in Bhubaneswar by the ED, which sought a 15-day remand. After hearing the appeal of the ED, the sessions court Judge Dr Durga Prasanna Choudhary, ordered that the accused be sent to 10-days’ remand.

The ED might interrogate Sen in connection with offences committed by the group in Odisha.

The court had rejected the bail plea of Sen earlier.

The ED, along with Kolkata police, had brought Sen from Kolkata on July 3 to produce him before court to take him on remand. But  the court had sent the accused to seven days judicial custody instead.

Both movable and immovable properties of the Saradha Group were attached in December 2013 following a Finance department order on November 30.  Nine plots of land measuring a total of 13.64 acres at Srikona near Baleswar and a petty amount of Rs 2740 deposited with the local IDBI Bank branch had been confiscated.

The nine plots were bought by Sudipta Sen and Debika Dasgupta on behalf of M/s Saradha Realty Private Ltd.

The order said these properties were allegedly procured out of the deposits collected by the chit fund group.