Saradha

The Polit Bureau of the Communist Party of India (Marxist) which met in New Delhi from December 21 to 23, 2014 has issued the following statement:

The Polit Bureau conducted an in-depth review of the political-tactical line which the Party has been pursuing. A review report will be placed in the next Central Committee meeting. This is a preparatory step towards preparing the Draft Political Resolution for the Party Congress to be held next year.

Despite the massive fraud by this Saradha Group, with closing down of all its offices and default on repayment of at least 17 lakh depositors, no action has yet been taken on the part of the SEBI and the Government of West Bengal to attach the properties of this Saradha Group...

Since SEBI is the nodal Central agency, and the recent verdict of the Hon’ble Supreme Court (2012) clearly directs SEBI to be the agency for necessary action, SEBI should also be instructed in coordination with CBI and SFIO to move into this Saradha case immediately, for a proper and comprehensive investigation into the total list of properties....