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Saradha Chit Fund Scam — Multi-crore Ponzi scheme collapse — CBI & ED prosecutions against accused promoters and linked individuals

The Saradha Group allegedly collected approximately Rs 2,500 crore from investors through a fraudulent Ponzi scheme, leading the Supreme Court to transfer the investigation to the CBI in 2014. While the trials against multiple accused have faced a stalemate since 17 April 2026, the Supreme Court granted bail to primary promoter Sudipta Sen on 20 August 2026 after he spent nearly a decade in custody. The PMLA court dismissed the ED’s money-laundering case against Nalini Chidambaram on 1 August 2024.