CBI forms SIT for Saradha probe

New Delhi, May 12 (IANS) The Central Bureau of Investigation Monday formed a special investigation team (SIT) to probe the Saradha chit fund scam that left lakhs of investors across five states bankrupt, sources said.

The SIT will probe the case under the supervision of Joint Director Rajiv Kumar.

CBI officials from West Bengal, Odisha and Bihar will also be part of the SIT.

Thousands of investors in West Bengal, Orissa, Tripura, Jharkhand and Assam lost crores of rupees in the scam in April 2013.