SEBI to auction three properties of Saradha Group worth ₹5.21 cr on Dec 16

SEBI said that it will auction three properties of the Saradha Group of Companies on December 16 at a reserve price of ₹5.21 crore. The properties to be auctioned include land parcels located in West Bengal. Saradha Group of Companies allegedly mopped up ₹4,000 crore from 1.7 million depositors through chit fund operations before it collapsed in April 2013.