Sudipta Sen breaks down as Debjani Mukherjee sings

Sudipta SenSudipta Sen.

Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.

Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources said.

Mukherjee, who has been "cooperating" with the police since she was arrested, is likely to become an approver. Officials earlier said that Mukherjee could become approver only after the police verify her statements.

In the last two weeks of police custody, Mukherjee has helped investigators trace several documents and trace the money trail of Sen's empire.

According to the sources, the documents seized revealed that the company had collected Rs 2,100 crore from the people. Sen needed Rs 850 crore to pay the investors while the company spent around Rs 400 crore as political payments. The company also spent more than Rs 550 crore to pay 35 per cent commission to agents.

Police today zeroed in on another businessman's alleged involvement in Saradha. Sen is said to have told the police that he was introduced to a businessman in North 24 Parganas by a senior leader of the Trinamool Congress. The businessman proposed that Sen set up a business of packaged coconut water. The project was accepted and documents prepared. Sen started collecting money for the project which only existed on paper, said a senior police official.

The police custody of Sen and Mukherjee ends tomorrow, when both Sen and Mukherjee will be produced before the court. Police officials said Sen would be booked for abetment to suicide of the depositors, several of whom have killed themselves across Bengal in the past few days.

RBI questions extra tax to compensate Saradha victims

Srinagar: Reserve Bank Governor D Subbarao on Wednesday questioned the fairness of the West Bengal government's proposal to levy additional tax on cigarettes to compensate the victims of the Saradha chit fund scam.

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