Asia Sentinel

Asia Sentinel

Huge Ponzi Scandal Unfolds in India

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Asia Sentinel
Oct 14, 2014
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Millions of small investors in eastern India have lost their life savings with the collapse of the politically well-wired Saradha Group, whose boss, Sudipta Sen, is now behind bars and with more than US$800 million having disappeared, one of the biggest scams in Indian history.

It is a scandal that appears directly related to the failures of India’s fina…

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