Saradha Group
Sudipta Sen, Debjani Mukherjee
ReportedApr 23, 2013
LocationKolkata, India
Amount$335,000,000
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Saradha Group
- Industry
- Collective investment schemes, debentures and bonds (tourism, real estate, etc.)
- How investors were recruited
- Large agent network paid 25-40% commissions, mainly in West Bengal; 1.7 million depositors
- Pitch & red flags
- "astronomical returns" in seemingly credible investments