The Apex Court also asked the CBI to investigate ponzi scheme scams in Odisha.

An Apex Court bench headed by Justice TS Thakur said that the investigating agency will also look into any other ponzi scheme involved in chit fund scam in West Bengal, besides Saradha.

Handing over the investigation to the CBI, the Supreme Court said that the investigation by the West Bengal police did not make any headway in inter-state ramification of the scam. Moreover, the Apex Court was of the view that the matter should be handed over to the CBI in the interest of justice as well as to unravel the larger conspiracy involved in the financial fraud involving crores of rupees.

The Supreme Court also asked the CBI to look into the money laundering dimension in the chit fund scam.

The West Bengal government had strongly resisted the plea for handing over the investigation to the CBI.


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