December 20, 2025 08:55 am (IST)
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CBI arrests Madan Mitra in Saradha scam
Kolkata, Dec 12 (IBNS): In a huge blow to the Mamata Banerjee government in West Bengal, state Transport Minister Madan Mitra, a close aide of the Chief Minister, was arrested by the Central Bureau of Investigation (CBI) on Friday in connection with the the Saradha ponzi scheme meltdown scam.
The arrest came after the CBI interrogated Mitra for nearly five hours over the post he was holding in Saradha Group of Companies and why he was spotted in photographs of the same.
Mitra appeared before the CBI on Friday morning in connection with the case.
He has been arrested on charges of criminal conspiracy, cheating, misappropriation and for deriving undue financial benefits from the Saradha Group.
Reacting to his arrest, the CPM said: "It's late, Madan Mitra should have been arrested long back. The TMC has been associated to the Saradha."
Meanwhile, the Trinamool Congress party has called Mitra's arrest as a political conspiracy.
"It is not a political vendetta. There is a deep involvement of TMC's top leadership with Saradha," Bharatiya Janata Party (BJP's) Sidharth Nath Singh told CNN-IBN channel.
He raised question on whether Banerjee should continue as the CM on moral grounds.
This arrest comes as after a series of other high profile arrests associated with the ruling Trinamool Congress party.
The CBI had sent a second summon to Madan Mitra on Monday.
He did not appear before the CBI as he said he was unwell and had taken admission at Seth Sukhlal Karnani Memorial (SSKM) Hospital in Kolkata.
After he was released from the hospital, Mitra told media that he was ready to help the CBI in the Saradha probe. Mamata Banerjee earlier said she did not believe that Madan Mitra was a thief.
The Saradha Group that went bust last year left lakhs of depositors in a fix.
Saradha Group chief Sudipta Sen and Saradha Group director Debjani Mukherjee were arrested in April 2013 from Jammu and Kashmir.
Several other TMC leaders, parliamentarians, were earlier taken in custody by CBI.
The Alipore court on Saturday remanded Trinamool Congress (TMC) MP Srinjoy Bose to jail custody till Dec 5.
After three days in Central Bureau of Investigation (CBI) custody, Srinjoy Bose was produced in the Alipore court on Saturday.
His lawyer pleaded for Bose's bail, but the court rejected and sent him to jail.
The CBI, however, did not appeal to court for Bose's CBI custody.
The CBI had arrested industrialist Srinjoy Bose earlier in the scam.
Bose is the owner-editor of Bengali daily newspaper 'Sambad Protidin' and executive member of 'Mohun Bagan' football club. He is also the editor of Trinamool Congress (TMC) mouthpiece 'Jaago Bangla.'
Suspended Trinamool MP Kunal Ghosh and party vice president Rajat Majumdar were arrested earlier.
Apart from Bose, CBI on Friday quizzed West Bengal state textile minister Shyama Prasad Mukherjee.
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