The Chairman of the Saradha Group Sudipta Sen, will be produced before a Kolkata court today in the wake of the chit fund fiasco. Sen, who is one of the three accused has accused two Trinamool Congress (TMC) MPs of ''extortion'' and ''blackmail'' and blamed them for his downfall.


Sen, in a letter to Central Bureau of Investigation (CBI), threatened to commit suicide over his predicament, as he feared he would not be able to refund the public money.


The Bharatiya Janata Party (BJP) unit in West Bengal has demanded a CBI probe. Reacting to the situation, Chief Minister Mamata Banerjee promised to take action against guilty. She also announced a Rs. 500 crore relief fund for duped investors.