LIVE! CBI files 3 FIRs in Bengal, 43 in Odisha in multi-crore Saradha scam
June 04, 2014  17:44
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CBI files the first set of FIRs in the multi-crore Saradha scam. Three FIRs have been filed in West Bengal and 43 in Odisha. FIRs relate to conspiracy, cheating, criminal breach of trust. The scale of the scam was much larger in Odisha. 163 chit fund firms have collected around Rs 4,600 crore by defrauding the people in Odisha, whereas the chit fund scam in West Bengal is estimated at Rs 2,460 crore.

Moreover, at least 10 lakh families, mostly belonging to the low-income group, have been affected by the scam in Orissa, reported the Indian Express.
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