Chit fund scam: Full letter that Sudipta Sen wrote to the CBI

Sudipta Sen, chairman of the Saradha chit fund company is one the main accused in the chit fund scam.

The company has allegedly defrauded thousands of depositors, along with Debjani Mukherjee, a director and Arvind Singh Chouhan, who looked after the firm's operation in Jharkhand  because of which lakhs of investors of the chit fund group have hit the roads alleging they have been duped of huge amounts. Hundreds of agents of the company have also been rendered jobless.

The bubble burst after capital market regulator SEBI started cracking the whip on chit fund companies for flouting rules, triggering pressure on the group's finances.

West Bengal government has announced formation of a Special Investigation Team and a high-level inquiry into chit fund companies after the collapse of the Saradha group.

The alleged chit fund scam has defrauded thousands of investors, including poor people, in West Bengal.

In what could perhaps expose the nexus between politicians and the chit-find industry in Bengal, Saradha Group chief Sudipta Sen has sent an 18-page letter to the CBI alleging that several top politicians and officials  in the state blackmailed him for two years.

In a letter dated 6 April, 2013, Sen threatened to commit suicide and wrote that he "…cannot live in a society where people call me cheat or fraud or use slang against me," since unscrupulous people had collected money from the public in his name.

Sen not only described his close links with two Trinamool Congress Rajya Sabha members, but also listed 22 persons who "used him" to make money.

Here is the full letter that Sudipta Sen wrote to the CBI:

Sudipta Sen's letter to CBI by The Canary Trap