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Rediff News  All News  » Business » Three Saradha Group TV channels to be auctioned

Three Saradha Group TV channels to be auctioned

January 13, 2014 19:12 IST

Sudipta SenThe commission, constituted by the West Bengal government to inquire into the Saradha ponzi scam, has decided to auction three TV channels of the group, in an effort to raise funds and return it to the creditors.

"It has been decided that three channels of the Saradha group -- Tara Muzik, Tara News and Tara Punjabi -- will be auctioned to raise money and return it to the creditors," Shyamal Sen, chairman of the commission, said on Monday.

Sen said 16 bungalows and flats of Saradha Reality Group would be handed over to those owners who had made part payment, after they hand over the remaining amount.

"Sixteen flats and bungalows in which people have made part payments, will be handed over to the owners after submitting the remaining amount to the commission," he said.

Sen also said more than 200 seized cars of the Saradha Group will be auctioned to raise funds.

Sudipto Sen, chairman of the Saradha Group, who was arrested in April last year after the Saradha bubble burst, today came to attend the hearing of the commission. "I want Saradha Group's property to be auctioned to return money to all creditors," Sen said while leaving.

Image: Sudipta Sen

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