Bannerjee is in damage control
mode as the Saradha chit fund
scam threatens to embarrass her
government further. Mamata has
promised action if any of its
leaders are involved in the scam.
"Mamata Banerjee has said that
anybody found culpable will be
acted against," Trinamool Congress
leader Saugata Roy said.
The Chairman of the group, Sudipta
Sen, has been arrested in Jammu
and Kashmir along with two others,
following which market regulator
Sebi has asked Sen to return all the
money to investors in three
months. A fugitive for 13 days, Sen
and two directors of his company
were finally caught at a hotel at
Sonmarg in Kashmir but not before
putting an army of policemen on
his trail. The Sebi order said that
Saradha Realty and its chief were
barred from the securities market
till all the money was refunded to
the investors.
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