; SFIO's forensic audit of the Saradha Group's bank statements revealed that BMPL was one of the seven companies acquired by it ; Sudipta Sen was blackmailed into buying Xenitis Group subsidiary BMPL ; All the companies were running in loss ; No financial benefit was derived by Saradha by acquiring or making large investment in these companies
Kunal Ghosh ( suspended TMC MP) and Srinjoy Bose ( TMC Rajya Sabha member) had aggressively made the deal for transfer of Bengal Media Pvt Ltd ( BMPL), which owned Channel 10 SUDIPTA SEN'S DEPOSITION TO SFIO ' ' As Pratidin did not own any electronic media channel, they desperately wanted to acquire one and compelled me to acquire BMPL ' ' They had initially started campaigning against me in their Pratidin newspaper by claiming that I was Bhudeb Chandra Sen's son who had earlier siphoned off large public funds ' ' I pleaded with them to stop maligning me as I am son of late Nripendra Narayan Sen.
CRISIL believes that BMPL
will continue to benefit from its established relationships with its customers in the steel castings business, over the medium term.
This statement clearly shows that Sen was hustled and bamboozled into striking the deal which is further substantiated in his next statement to SFIO, "No proper valuation was done before acquiring BMPL and Srinjoy Ghosh and Somnath Dutta (vice-president of Saradha's media wing) mediated and quoted the amount of `16.50 crore." The role of Ghosh as such has always been under question in this deal.
The probe also revealed that the MoU executed between BMPL and Pratidin Prakashan was to collaborate for the purpose of running Channel 10.
Pratidin agreed to pay salaries and other remuneration to the editorial staff, and all other costs, charges and expenses for the operations and telecast were to be borne by BMPL. Sudipta Sen also narrated to SFIO inspectors in another deposition that as part of his deal with Pratidin Television, which was owned by Srinjoy Bose and Swapan Sadhan Bose alias Tutu Bose, `15 lakh per month was given to Kunal Ghosh as he was appointed CEO of the company handling print and electronic media.
Ghosh served as editor of the Bengali daily Sangbad Pratidin , owned by Trinamool MP Srinjoy Bose, which had reportedly entered into a deal with Saradha Group to provide " editorial expertise" to Channel 10 of the BMPL. Here are the charges Ghosh faces in the Saradha muddle:
BMPL was a negative net worth company when it was bought by Saradha to be run in association with Pratidin.