Noting that losses on this count will run up to Rs 1,500 crore per annum, the Supreme Court bench said that as a result, DMRC may not remain a profitable venture.
The Saradha Ponzi scheme is the most high-profile ponzi scam in the state of WB where millions of small investors were cheated of about 200 billion rupees.
The apex court had allowed Karti to travel to the United States, Spain and Germany this month and next month, asking him to deposit another Rs.10 crore as the security deposit.