Saradha scam: ED probe not to overlap with CBI

PTI Updated - March 12, 2018 at 08:57 PM.

A CBI probe into the multi-crore Sardha ponzi scheme scam will not overlap with the ongoing investigation by the Enforcement Directorate, a senior ED official today said today.

“The ED and CBI probes will go parallel and there is no possibility of an overlap”, ED regional special director Yogesh Gupta told PTI.

For the ED, it does not matter whether CBI or any other agency like SIT (Special Investigation Team formed by the West Bengal Government) conducts a probe.

“The ED will primarily track the flow of funds and the persons responsible for money laundering. The scope of ED was much wider,” he said.

CBI like SIT on the other hand will investigate persons involved in the scam, Gupta said.

The Supreme Court had yesterday ordered a CBI probe into the Saradha scam which had hit depositors not only in West Bengal, but also in Odisha and Assam.

Published on May 10, 2014 08:35