CBI, ED issue summons to TMC leaders, ex-MPs in ponzi scam cases

The Enforcement Directorate has summoned Madan Mitra asking him to join investigation in the Saradha scandal. Mitra has been asked to join the probe on March 18.

Mitra is Trinamool Congress’ candidate from Kamarhati for the forthcoming state elections.

Former Transport Minister was arrested by the Central Bureau of Investigation (CBI) in 2014 in connection with the multi crore Saradha scam. He was bailed out two years later in 2016.


The Saradha Group's ponzi scam, which came to fore in 2013, is alleged to have wiped out over Rs. 2,000 crore of savings by the middle class and the poor who had invested in the hope of unreal returns. Over 100 people who had invested in the Saradha chit funds have committed suicide.