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DisposedSeriousIPC + Prize Chits & Money Circulation Schemes Act

Saradha chit-fund case (related proceedings)

GC 26/2014· Filed 2014· Alipore Court, Kolkata· West Bengal

Accused

MB

Mamata Banerjee

Trinamool Congress

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Case Description

Cases arising from collapse of Saradha Group chit-fund scheme. Mukul Roy, Madan Mitra arrested; TMC government under CBI scrutiny.

Allegation

Conspiracy and cheating in chit-fund operations; alleged political patronage.

Legal Sections

120B IPC420 IPC406 IPC4 Prize Chits Act

Sections listed are from the IPC + Prize Chits & Money Circulation Schemes Act and related acts. Section numbers reference the Indian Penal Code (IPC) where applicable, otherwise BNS (Bharatiya Nyaya Sanhita, 2023) or special statutes like PMLA, NDPS, PC Act.

Case Timeline

  1. 2013 — Saradha collapse; lakhs of depositors affected
  2. 2014 — CBI took over investigation on SC order
  3. 2014-2019 — Multiple arrests, charge-sheets
  4. Apr 2021 — CBI court discharged Mithun Chakraborty
  5. Several accused convicted, several discharged