Saradha chit fund rip-off: ED attaches property of P Chidambaram’s spouse, ex-CPM MLA

By PTI

NEW DELHI: The Enforcement Directorate (ED) on Friday stated it has hooked up property value greater than Rs 6 crore of “beneficiaries” like Nalini Chidambaram, spouse of former Union finance minister and Congress chief P Chidambaram, former CPM MLA Debendranath Biswas and an organization owned by former Assam minister late Anjan Dutta within the Saradha cash laundering case.

A provisional order for attaching movable properties value Rs 3.30 crore and immovable property value Rs 3 crore has been issued underneath the Prevention of Money Laundering Act (PMLA), the federal company stated in an announcement.

These properties have been owned by the Saradha Group and different individuals, who have been beneficiaries of the “proceeds of crime” generated by the group, it stated.

The “beneficiaries” embrace Nalini Chidambaram, Debabrata Sarkar (East Bengal Club official), Debendranath Biswas (former IPS officer and ex-CPM MLA) and Anubhuti Printers and Publications owned by Dutta, a former Assam cabinet minister and president of state Congress occasion.

The cash laundering case pertains to an alleged chit fund rip-off perpetrated by the Saradha Group in West Bengal, Assam and Odisha until 2013.

“The quantum of total money mobilised by this group company is about Rs 2,459 crore out of which nearly Rs 1,983 crore remains unpaid to the depositors till date excluding the interest amount,” the ED stated.

Assets value about Rs 600 crore have been hooked up by the Enforcement Directorate on this case until now.

NEW DELHI: The Enforcement Directorate (ED) on Friday stated it has hooked up property value greater than Rs 6 crore of “beneficiaries” like Nalini Chidambaram, spouse of former Union finance minister and Congress chief P Chidambaram, former CPM MLA Debendranath Biswas and an organization owned by former Assam minister late Anjan Dutta within the Saradha cash laundering case.

A provisional order for attaching movable properties value Rs 3.30 crore and immovable property value Rs 3 crore has been issued underneath the Prevention of Money Laundering Act (PMLA), the federal company stated in an announcement.

These properties have been owned by the Saradha Group and different individuals, who have been beneficiaries of the “proceeds of crime” generated by the group, it stated.

The “beneficiaries” embrace Nalini Chidambaram, Debabrata Sarkar (East Bengal Club official), Debendranath Biswas (former IPS officer and ex-CPM MLA) and Anubhuti Printers and Publications owned by Dutta, a former Assam cabinet minister and president of state Congress occasion.

The cash laundering case pertains to an alleged chit fund rip-off perpetrated by the Saradha Group in West Bengal, Assam and Odisha until 2013.

“The quantum of total money mobilised by this group company is about Rs 2,459 crore out of which nearly Rs 1,983 crore remains unpaid to the depositors till date excluding the interest amount,” the ED stated.

Assets value about Rs 600 crore have been hooked up by the Enforcement Directorate on this case until now.