NEW DELHI, May 12 � The CBI today constituted a Special Investigation Team (SIT) to probe the Saradha chit fund case in which investors in four states were allegedly duped of over Rs 10,000 crore, reports PTI.
The SIT, to be headed by Joint Director Rajeev Singh, will also probe the role of market regulators like Securities Exchange Board of India (SEBI) and RBI.
CBI spokesperson Kanchan Prasad said that the SIT constituted under Joint Director (North East) will have agency officers from West Bengal, Odisha, the North East and Bihar.
�The SIT will soon collect all relevant documents before registering the FIR in the matter. The CBI will also look into the larger conspiracy angle,� Prasad said.
The team was formed in the wake of the Supreme Court order on a PIL on Friday asking the CBI to probe the matter and directing the state police forces to cooperate with the central agency in the investigation.
The CBI will also look into the role of regulators like SEBI, authorities under the Companies Act and the Reserve Bank of India as directed by the SC, agency sources said.
