CBI searches Sebi officials' homes, office in Mumbai in Saradha case probe

CBI believes the market regulator could have been more proactive to crack down on the scam before it became public in 2013.

The Central Bureau of Investigation (CBI) on Monday searched the homes and offices of three senior officials of the Securities and Exchange Board of India (Sebi) in the Saradha chit fund scam, bringing back to focus a case that is politically sensitive in West Bengal.
 
Sources said a CBI team visited the Sebi office in Mumbai on Monday and the residences of two chief general managers — Jayanta Jash and Jeevan Sonparote, who is currently with Sebi’s investigation department and corporate finance department. A deputy general manager, Prasenjit Dey, was also covered under the search operation.  The officials were