The Supreme Court on Monday turned down the plea requesting to monitor the ongoing CBI investigation into the Saradha chit fund scam in West Bengal.
A two-judge bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna did not allow the application filed by some investors that despite the apex court's 2013 order directing the CBI to probe the chit fund scam, the investigation has not attained finality.
"We are not inclined to set up a monitoring committee to monitor the chit fund scam probe," the bench said.
In 2013, after the scam came to light, West Bengal Chief Minister Mamata Banerjee formed a Special Investigation Team led by Rajeev Kumar, now the Calcutta Police Commissioner and in the eye of the storm over the latest confrontation between the central and state governments.
The Supreme Court had transferred the investigation into the Saradha and other ponzi schemes to the Central Bureau of Investigation (CBI) in 2014 citing inter-state implications and possible international money laundering.
(With inputs from agencies)