ELI5: Explain Like I'm 5

Saradha Group financial scandal

Imagine you saved some money in your piggy bank by doing chores for your parents. Now imagine you gave that money to a person who promised to invest it and make even more money for you. But that person didn't really invest your money - they just kept it for themselves and spent it on whatever they wanted.

That's kind of like what happened with the Saradha Group financial scandal. Thousands of people in India trusted the Saradha Group with their hard-earned money, hoping to get good returns on their investments. But instead of investing the money in safe and legitimate businesses, the Saradha Group used the money to pay off old debts and fund the lifestyles of the people in charge.

When people started asking for proof of their investments, the Saradha Group couldn't give it to them. That's when the scam was exposed, and people realized they had lost all the money they trusted with the Saradha Group. It was a big scandal that left a lot of people angry and devastated.

So in short, the Saradha Group financial scandal is like trusting someone to invest your money, but they steal it instead and use it for their own purposes.