New Twist In Saradha Scam: Former Assam DGP Commits Suicide

Former Assam director general of police (DGP) Shankar Baruah, who was interrogated by the Central Bureau of Investigation (CBI) last month in connection with the multi-crore Saradha scam, was found dead today (Wednesday). He allegedly shot himself to death.

CBI officials had taken the him to an SBI branch near his house and inspected his account in that branch. Further details are awaited.

Recently, we have reported that the Serious Fraud Investigation Office (SFIO) has founded group companies guilty in the multi-crore chit fund scam. The SFIO concluded that the schemes run by Saradha Group's 14 companies ran Ponzi Schemes, which were in violation of several provisions of the Companies Act, 1956. CBI is now investigating cases under the IPC under orders of the Supreme Court. You can read the complete report here.