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Saradha scam: ED probe not to clash with the CBI’s

LiveMint logoLiveMint 10-05-2014 PTI

Kolkata: A probe by the Central Bureau of Investigation (CBI) into the Sardha ponzi scheme scam will not overlap with the ongoing investigation by the Enforcement Directorate (ED), a senior ED official said on Saturday.

“The ED and CBI probes will go parallel and there is no possibility of an overlap”, ED regional special director Yogesh Gupta said.

For the ED it does not matter whether CBI or any other agency like SIT (special investigation team formed by the West Bengal government) conducts a probe.

“The ED will primarily track the flow of funds and the persons responsible for money laundering . The scope of ED was much wider,” he said.

CBI like the SIT on the other hand will investigate persons involved in the scam, Gupta said. The Supreme Court on Friday ordered a CBI probe into the Saradha scam which had hit depositors not only in West Bengal, but also in Odisha and Assam. PTI

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