Saradha Group financial scandal
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Collapse of the Saradha Ponzi-style fundraising network
The group failed after new inflows became insufficient to meet promised payouts, affecting more than 1.7 million reported depositors and triggering extensive investigations.
2013
Alleged political nexus and regulatory failure
Investigators and public debate examined alleged financial links between Saradha and politicians, as well as the failure of multiple authorities to stop fundraising despite earlier warnings.