Under the regulators nose

April 29, 2013 14:49

Saradha Group promoter Sudipto Sen has been booked and a Rs. 500-crore kitty has been created to make refunds to the depositors. However, no one is clear just how the refunds would be made and whether existing laws permit it. Mr. Sen's bubble may have burst. But the travails of the lakhs of investors who had invested in the Saradha Group schemes are far from over. Read

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