Kolkata Court Acquits Sudipto Sen, Debjani Mukherjee in Three Saradha Ponzi Scam Cases

Kolkata: In a significant development in the Saradha ponzi scam, a Kolkata court on Tuesday acquitted Saradha Group chairman Sudipto Sen and his associate Debjani Mukherjee in three of the several cases pending against them.

The duo, facing charges under Sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code, was cleared by the 11th Judicial Magistrate Court at Bichar Bhavan after trials in which the prosecution presented nearly 15 witnesses in each case.

Defence counsel argued that the prosecution had failed to establish the charges, leading to the acquittal.

Sen and Mukherjee were arrested from Sonmarg, Jammu and Kashmir, on April 23, 2013, after the multi-crore scam surfaced. Despite Tuesday’s relief, they remain in judicial custody with several other cases still pending against them.