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SC directs CBI probe into chit fund scams

By The Assam Tribune

NEW DELHI, May 9 � The Supreme Court today directed a CBI probe in multi-crore chit fund scams in West Bengal, Odisha and Assam in which various companies, including Saradha, are allegedly involved, reports PTI.

A bench headed by Justice T S Thakur said that the scams have inter-state ramification and directed the investigation be handed over to the central agency from the state authorities.

It also asked the Enforcement Directorate to conduct the probe expeditiously against the accused companies. It however, refused to constitute a committee for the time being to monitor the CBI probe in the scams.

The bench directed the state authorities to cooperate with the CBI in the probe and provide all details to the agency.

The court passed the order on PILs seeking a stop to the entire chit funds business in the country and also a restraint on further collection of funds from investors as an immediate remedial step.

The petitioners had said they have no faith in the police authorities.

Gogoi hails decision: Chief Minister Tarun Gogoi welcomed the decision of the Supreme Court to hand over the Saradha multi-crore scam in West Bengal to the CBI, informs an official press release.

Hailing the decision of the apex court for a CBI probe into the scam, Gogoi said it would go a long way in speeding up the long pending cases and in giving the much-needed respite to the duped investors.

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