Market regulator Securities and Exchange Board of India (SEBI) has come under CBI scanner in the Saradha chit fund scam, and the role of its top officials is being probed to ascertain whether they benefitted the firm running the ponzi scheme by ignoring the illegalities.
CBI sources said top officials in SEBI have been questioned in connection with the Rs.10,000-crore scam that CBI is already investigating. "At least five officers have been questioned till now. Some more may be grilled soon," said a CBI officer.
CBI officials visited the SEBI office in Mumbai on Wednesday and questioned its executive directors from the regulatory body's Collective Investment Scheme (CIS) department to gather information on schemes floated by Saradha Realty.