<p>Two chit fund scams, Saradha and Rose Valley, have been a constant source of discomfort for West Bengal Chief Minister Mamata Banerjee and the Trinamool Congress.</p>.<p>Since 2016, three senior TMC leaders, including a former cabinet minister, have been arrested by the CBI in relation to the chit fund cases.</p>.<p>Even as all of them are currently out on bail, the development has left an indelible mark on their political careers.</p>.<p>The TMC was in for a shock when the CBI arrested the then transport minister, and a close aide of Mamata, Madan Mitra for his alleged involvement in the Saradha chit fund scam on December 12, 2014.</p>.<p>According to the CBI, he was arrested for misappropriation of funds, cheating and criminal conspiracy. Mitra was arrested in connection with a case lodged against Saradha Realty, a company of the Saradha Group.</p>.<p>Mitra was granted bail after spending at least 21 months in jail. Today he is on the fringes of the party and has been cold-shouldered by the chief minister. He had to step down as transport minister and also lost in the 2016 Assembly election.</p>.<p>The second heavyweight TMC leader arrested by the CBI in the chit fund scams was the Sudip Bandyopadhyay, TMC leader in the Lok Sabha.</p>.<p>He was arrested in relation to the Rose Valley chit fund scam on January 3, 2017. An outraged Mamata had termed the arrest "political vendetta".</p>.<p>Soon after the arrest, TMC workers held large-scale protests across the state and even tried to barge into the state BJP headquarters in Kolkata and resorted to stone pelting.</p>.<p>He was released on bail on May 20, 2017, and was hospitalised for several days upon his return to Kolkata as his health had deteriorated severely.</p>.<p>Although he continues to be the TMC leader in the Lok Sabha, Bandyopadhyay is barely active in state politics and spends little time in Kolkata.</p>.<p>Another TMC MP, Tapas Pal, was also arrested by the CBI in relation to the Rose Valley chit fund scam. The actor-turned-politician used to be known more for his controversial remarks than his political acumen.</p>.<p>He was arrested by the CBI on December 30, 2016. After spending more than a year in jail, Pal was released on bail on February 2, 2018. Since then, he had maintained a low profile and has stayed out of media glare.</p>
<p>Two chit fund scams, Saradha and Rose Valley, have been a constant source of discomfort for West Bengal Chief Minister Mamata Banerjee and the Trinamool Congress.</p>.<p>Since 2016, three senior TMC leaders, including a former cabinet minister, have been arrested by the CBI in relation to the chit fund cases.</p>.<p>Even as all of them are currently out on bail, the development has left an indelible mark on their political careers.</p>.<p>The TMC was in for a shock when the CBI arrested the then transport minister, and a close aide of Mamata, Madan Mitra for his alleged involvement in the Saradha chit fund scam on December 12, 2014.</p>.<p>According to the CBI, he was arrested for misappropriation of funds, cheating and criminal conspiracy. Mitra was arrested in connection with a case lodged against Saradha Realty, a company of the Saradha Group.</p>.<p>Mitra was granted bail after spending at least 21 months in jail. Today he is on the fringes of the party and has been cold-shouldered by the chief minister. He had to step down as transport minister and also lost in the 2016 Assembly election.</p>.<p>The second heavyweight TMC leader arrested by the CBI in the chit fund scams was the Sudip Bandyopadhyay, TMC leader in the Lok Sabha.</p>.<p>He was arrested in relation to the Rose Valley chit fund scam on January 3, 2017. An outraged Mamata had termed the arrest "political vendetta".</p>.<p>Soon after the arrest, TMC workers held large-scale protests across the state and even tried to barge into the state BJP headquarters in Kolkata and resorted to stone pelting.</p>.<p>He was released on bail on May 20, 2017, and was hospitalised for several days upon his return to Kolkata as his health had deteriorated severely.</p>.<p>Although he continues to be the TMC leader in the Lok Sabha, Bandyopadhyay is barely active in state politics and spends little time in Kolkata.</p>.<p>Another TMC MP, Tapas Pal, was also arrested by the CBI in relation to the Rose Valley chit fund scam. The actor-turned-politician used to be known more for his controversial remarks than his political acumen.</p>.<p>He was arrested by the CBI on December 30, 2016. After spending more than a year in jail, Pal was released on bail on February 2, 2018. Since then, he had maintained a low profile and has stayed out of media glare.</p>
