CBI probe should uncover political nexus: Left

Attacking Trinamool Congress for opposing CBI investigation into Saradha scam, Left parties today welcomed the Supreme Court directions for such a probe and demanded that the agency should uncover the "political nexus" behind the swindling of funds and associated money laundering.

Maintaining that the ponzy scam had affected thousands of depositors in four states, CPI(M) Politburo said "the Mamata Banerjee government in West Bengal has been doggedly opposing investigation by the CBI in the matter."

"The CBI probe should be able to uncover the political nexus behind this large-scale swindling of funds and the money laundering involved," it said.

The CPI(M) also demanded immediate confiscation of all assets of the Saradha group of companies and the owners and payment of interim compensation to all depositors.

In another statement, the CPI said the blocking of a CBI probe by the Trinamool government was "obviously motivated with the intention of protecting her own party people who are alleged to be involved."

Observing that the scam had affected several lakhs of poor people in West Bengal, Assam, Odisha and Jharkhand, CPI Central Secretariat said "by its very nature, CBI was the appropriate agency to investigate the fraud perpetrated," but TMC government had blocked the reference of the case to CBI.

"The Supreme Court has therefore done well in the matter referring the whole case to CBI," it said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It will take at least 4 more quarters for corporate bottomlines to turn around

    Aggregate numbers from corporate results in the June quarter of 2014-15 are hardly different from the previous six quarters, with no positive surprise

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Dealing with a sin called insensitivity

Rage and the notion of being above the law — ...

Kuruvilla Pandikattu SJ

India’s greatest gift to the world

What we hear most often about India these days is ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture