Indian Ponzi Scheme Gets a Political Bailout
As the head of the conglomerate the Saradha Group, Sudipta Sen persuaded small investors in West Bengal to entrust more than $500 million to his business between 2008 and 2013. What wasn't to trust? After all, Sen ran a network of around 300,000 agents, owned a set of TV channels and newspapers and had influential patrons in politics, including a member of Parliament who agreed to run his media operations for him.
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