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Enforcement Directorate summons Nalini Chidambaram in Saradha chit fund scam

Enforcement Directorate Has Summoned Nalini Chidambaram, Wife Of Former Finance Minister P.Chidambaram In One Of The Major Financial Scandals Called Saradha Chit Fund Scam. ED Is Probing Her Alleged Role In The Chit Fund Scam Under Prevention Of Money Laundering Act.

News Nation Bureau | Edited By : Hina Khan | Updated on: 24 Aug 2016, 10:05:32 AM

New Delhi :

Enforcement Directorate has summoned Nalini Chidambaram, wife of former Finance Minister P.Chidambaram in one of the major financial scandals called Saradha chit fund scam. ED is probing her alleged role in the chit fund scam under Prevention of Money Laundering Act.

Nalini would have to appear before ED sleuths in the first week of September in Kolkata. Earlier, she has also been named in the sixth supplementary chargesheet filed  by CBI in the Saradha scam.

Nalini’s name first appeared in the purported letter from Saradha boss Sudipta Sen to CBI in April 2013, where it was claimed that she had been paid from Saradha accounts.

Saradha chit fund scam was a major financial scandal caused by the collapse of a Ponzi scheme run by Saradha Group a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.

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First Published : 24 Aug 2016, 10:03:00 AM