Manoranjana Sinh @ Gupta vs Central Bureau Of Investigation

The Supreme Court addressed the investigation into a Ponzi scheme involving the Saradha Group, noting violations of the Securities and Exchange Board of India Act, 1992, the Companies Act, 1956, and the Income Tax Act, 1961. The Court emphasized the need for a thorough investigation by the CBI due to the significant financial fraud affecting vulnerable sections of society, with an estimated loss of Rs.10,000 crores. The Court upheld the transfer of the investigation from state police to the CBI to uncover the larger conspiracy and money trail, thereby reinforcing the importance of regulatory compliance and accountability in financial dealings.