There were lots of hue and cry in West Bengal, particularly Mamata Bannerjee protecting some of the accused in the Sharada Scam. As my knowledge goes Saradha is a group consortium Company consisting of about 200 private 200 Companies. The Company started Investment Scheme, collecting money from people in the name of Chit fund Scheme. In south we call it a blade Company. Saradha group collected over Rs.300 Crores from people mostly from West Bengal and north east. But the scheme got in to problem in the year 2013. Most of the people affected are from low income group. Consequent to the surfacing of scandal West Bengal instituted an enquiry. The Income Tax dept and Enforcement Directorate also started the investigation in the year 2014. Later the matter came up before Supreme Court also. Hon' Supreme Court seriously observed that it failure on the part of the regulatory authority and nexus of politicians in the scam.
Later the case was handed over to CBI. Many politicians and bureaucrats who were part of the Saradha Group, were arrested. The people so far arrested are Kunal Ghosh, Srinijoy Bose, Rajat Majumdar, Former Director General of Police , West Bengal, Debabrata Sarkar etc., The matter is still being investigated by CBI.
The fact is that in India, none of the cases against Politicians are proved. The legal process takes several years and everyone forgets the case until a new one surfaces.
"If you don’t understand my silence, you will not understand my words"