In West Bengal, Saradha Group Chairman Sudipto Sen has been sentenced to three years' rigorous jail term and a fine of 10 thousand rupees in a Provident Fund default case. He was convicted under section 406 (criminal breach of trust) for default in depositing Provident Fund of employees.

Saradha Group ran the ponzi schemes under different names. This was the first conviction of Sen who has been involved in several hundred cases of alleged duping lakhs of depositors in West Bengal and other states.