CBI forms SIT to investigate Sharada Chit Scam

The more than 10,000 crore chit fund scam that saw victims from over four state, The Sharada Chit Fund Scam will now be investigated by an SIT under the supervision of CBI Joint Director Rajeev Singh. It will also probe the role of SEBI and other regulatory mechanisms that function under RBI, announced the CBI. The CBI had been given the duty by Supreme Court based on a PIL at the Court on the scam.

Medaram Jathara

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