The ponzi scam became a major issue in West Bengal in 2014 giving sleepless nights to the ruling Trinamool Congress as many of its leaders came under the scanner and faced action.
After the duping of hundreds of investors allegedly by the Saradha Group, owned by Sudipto Sen last year, the resultant public outcry forced the Mamata Banerjee government to quickly form a commission under the chairmanship of retired judge Shyamal Sen with a view to return money to the investors by way of raising taxes.