The Saradha Chit Fund Scam

• Shubh Laabh
• April 18, 2026

India’s Largest Financial Ponzi Scheme and Its Aftermath The Saradha Group chit fund scam, which erupted in 2013, remains one of India’s most infamous financial frauds and a grim case study of regulatory failure, political complicity, and systemic investment‑governance gaps. It not only devastated millions of small investors across eastern India but also triggered a major overhaul of financial‑regulatory mechanisms and exposed deep‑rooted vulnerabilities in the informal savings…