The apex court of the country has refused to constitute a monitoring team to review the CBI probe into the Saradha Chit-fund scam. A two-judge bench, comprising of Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna rejected the petition filed by the disgruntled investors in the Saradha Chit-fund.
— Financial Express (@FinancialXpress) February 11, 2019
Hearing on the petition filed by some private investors who had lost their savings in the chit-fund scam, the Supreme Court reposed its faith in the country’s premier investigative agency claiming that they are not inclined to set up a monitoring committee to monitor the chit fund scam probe.
The Mamata Banerjee-led TMC which was allegedly trying to impede the CBI’s investigation into the Saradha Chit-fund scam recently managed to stir a face-off between the Kolkata police and the CBI officials in the state of West Bengal can be attributed to. Mamata Banerjee had then sat on a dharna to allegedly protect Kolkata Commissioner who is accused of destroying key evidence against the perpetrators of the Saradha Chit-fund scam.
Several opposition parties came in the support of Mamata Banerjee-led TMC government. However, when the CBI approached the Supreme Court to resolve the imbroglio, the court issued a contempt notice to the Kolkata commissioner Rajeev Kumar ordering him to appear before the CBI in Shillong and co-operate with them to bring the perpetrators to book, Mamata Banerjee called off her dharna citing ‘Moral Victory’.