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Rediff.com  » Business » Legal expert, bank officer to help CBI probe into Saradha chit scam

Legal expert, bank officer to help CBI probe into Saradha chit scam

May 14, 2014 18:48 IST

CBITo expedite its probe into over Rs 10,000-crore (Rs 100-billion) Saradha chit fund case, Central Bureau of Investigation has assigned a bank officer and a legal expert with the Special Investigating Team for the case.

CBI Director Ranjit Sinha also held his first meeting on Tuesday evening with the SIT during which an action plan was drawn up to probe the matter.

The Director told his team of officers to expedite the probe as it involved the trust of common people as well as the Supreme Court in CBI, official sources said.

Deputy Legal Advisor to Anti-corruption Branch V S Shukla and Bank officer attached with CBI's Anti Corruption Bureau of Patna B K Sinha will be assisting the seven-member SIT during the probe, they said.

CBI has already started collecting documents in these cases from West Bengal, Odhisa, Bihar and Northeast and may also probe the role of of market regulators like Securities Exchange Board of India and RBI.

Role of officials of the Ministry of Corporate Affairs will also be scrutinised during the probe, they said.

With nearly 300 or 400 FIRs and complaints being filed in all these states, CBI would be taking legal opinion before finalising the number of cases to be filed in the case.

CBI Special Director Anil Kumar Sinha has been asked to monitor the progress in the probe into the cases and exercise administrative control under the overall supervision of the CBI Director.

The team was formed in the wake of the Supreme Court order on Friday on a PIL on Friday asking for a CBI and directing the state police to cooperate with the central agency in the investigation.

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