Kolkata: West Bengal Chief Minister Mamata Banerjee is getting ready to face the Opposition fire in the state Assembly. A special 2-day session has been called by Governor MK Narayanan from Monday to discuss the chit fund scam in the state. It has not just wiped away crores of investor money but also dragged the Trinamool Congress and Congress ministers into the mess. The scam is also getting bigger with...
10:44 AM, Apr 29, 2013
Kolkata: Scam-ridden Saradha Group boss Sudipta Sen, arrested for being the alleged kingpin of the multi-billion rupee chit fund scam, was grilled by Assam Police in the cases of fraud and forgery lodged against him in the state, police sources in Kolkata said on Sunday. A team of police officers from Assam quizzed Sen on Saturday and Sunday about the four cases filed against his group companies in the northeastern...
04:16 AM, Apr 29, 2013
Kolkata: Sudipta Sen, Saradha group chairman accused of duping lakhs of investors, is cooperating with investigators, his lawyer claimed on Sunday. As per court order he was present when Sen was interrogated, Samir Das, Sen's lawyer said. Sen, along with Ponzi scheme director Debjani Mukherjee and company official Arvind Singh Chouhan have been remanded to police custody for 14 days. Chouhan, who has been kept in a separate place, is...
09:48 PM, Apr 28, 2013
Kolkata: Demanding CBI inquiry into Saradha Group chit fund scam, CPI(M) on Sunday accused West Bengal Chief Minister Mamata Banerjee's nephew of being involved in ponzi schemes and said she should come clean on the issue. "Mamata Banerjee's nephew Abhishek Banerjee, who is the leader of Trinamool Congress Yuva, runs a company which is involved in real estate and micro-finance and has made a huge amount of money in the...
09:20 PM, Apr 28, 2013
Kolkata: In the wake of the collapse of the Saradha Group, an under pressure Mamata Banerjee is all set to bring a new law that allows takeover of chit fund companies and confiscation of properties. The opposition though has slammed the move saying the Bill has nothing new. This comes even as another investor committed suicide in Purulia. The draft of the new Bill that was circulated among West Bengal's...
07:53 AM, Apr 28, 2013
Meanwhile, TMC MP Kunal Ghosh, one of the two accused of blackmailing Saradha group promoter Sudipta Sen, has offered to resign if he is told to do so. ...
09:59 PM, Apr 27, 2013
Trinamool Congress Rajya Sabha MP Kunal Ghosh, one of the two accused of blackmailing Saradha group promoter Sudipta Sen, has offered to resign if he is told to do so. ...
06:27 PM, Apr 27, 2013
Kolkata: One more investor, who had deposited money in chit fund company Saradha Group, on Saturday committed suicide. Tapan Biswas, a resident of Purulia, allegedly hanged himself. Tapan had invested Rs 4 lakh with the chit fund company. He was reportedly depressed after Saradha went bust. This is the fourth suicide, including three investor and one agent, after the chit fund company Saradha had gone bust. Meanwhile, the West Bengal...
04:41 PM, Apr 27, 2013
Trinamool Congress Rajya Sabha MP Kunal Ghosh, one of the two accused of blackmailing Saradha group promoter Sudipta Sen, has offered to resign if he is told to do so. He also wrote a letter (in Bengali) to West Bengal Chief Minister Mamata Banerjee that has been displayed on the party website. Following is the English translation of the letter: To Mamata Banerjee, All India Trinamool Congress Respected leader, I...
01:55 PM, Apr 27, 2013
Kolkata: The West Bengal chit fund disaster is continuing to embarrass the ruling Trinamool Congress government. But the party is trying to minimise the damage by trying to distance itself from the mess. Trinamool Rajya Sabha MP Kunal Ghosh, one of the two accused of blackmailing Saradha group promoter Sudipta Sen, has offered to resign if he is told to do so. He also wrote a letter (in Bengali) to...
12:25 PM, Apr 27, 2013
Kolkata: Trinamool Congress MP Kunal Ghosh on Friday offered to resign from Rajya Sabha if charges against him in the West Bengal chit fund scam were proved. In a letter to Chief Minister Mamata Banerjee, Ghosh wrote, "If it's proved that I am related to the money market schemes of Saradha, I am willing to resign from Rajya Sabha." Kunal Ghosh's name cropped up in the scam after a letter...
09:50 PM, Apr 26, 2013
Kolkata: An FIR has been filed against Trinamool Congress Rajya Sabha MP Kunal Ghosh, Saradha Group chairman Sudipta Sen and six others for non-payment of salaries to employees of a television channel run by the chit fund company. The FIR was filed on Thursday night at the Park Street police station by 21 employees of Channel 10 stating that they were not paid salaries by the company which also did...
08:52 PM, Apr 26, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee on Friday vowed not to rest till money was repaid to the thousands defrauded allegedly by the Saradha Group and said that a new law was being brought to protect the interests of investors. "I am happy that a new law is coming. However, I will not be happy till we are able to return the money to investors," Mamata said, adding that...
08:01 PM, Apr 26, 2013
Trinamool Congress MP Tapas Paul had pointed towards the inaction over rising chit fund scams in West Bengal. In the letter dated 2010, the Trinamool Congress MP had asked the Centre to control the growth of ponzi schemes in the state. ...
02:50 PM, Apr 26, 2013
Kolkata: The chit fund scam in West Bengal is getting bigger with market regulator Sebi turning the heat on over a dozen other companies running similar Ponzi schemes. People are rushing to withdraw Rs 20,000 crore invested in these companies. Sebi has asked the government to look into the operations of all these companies. One such company is the Rose Valley Group, which has now approached West Bengal Chief Minister...
09:45 AM, Apr 26, 2013
Kolkata: The chit fund scam in West Bengal is getting bigger. Market regulator Sebi has asked the government to look into the operations of other companies, which could be compromising investor money like the Saradha group. The Rose Valley Group is one of them. The company has approached West Bengal Chief Minister Mamata Banerjee seeking protection. Its chairman Goutam Kundu wrote to the CM on April 23 saying that the...
07:50 AM, Apr 26, 2013
New Delhi: Saradha group promoter Sudipta Sen and two others accused in the West Bengal chit fund scam went through the primary investigation on Thursday. The police has seized mobiles and laptops from the three accused. According to the police, six cases have been filed against Sen, out of which four have been filed by employees who did not receive their salaries. The other two cases were related to money...
07:28 PM, Apr 25, 2013
New Delhi: Assam Health Minister Himanta Biswa Sharma on Thursday denied all allegations against him in the West Bengal chit fund scam and said that he was ready for a probe. Sharma had been named by Saradha group promoter Sudipta Sen in his 18-page letter to the CBI dated April 6. In his letter, Sudipta had mentioned Sharma as having received money from him. Assam Chief Minister Tarun Gogoi has...
04:36 PM, Apr 25, 2013
Kolkata: Saradha group promoter Sudipta Sen and two others officials of the group have been remanded to 14 days' police custody by a court in Kolkata. The three accused in the chit fund scam were produced in the court amidst protests by Congress as well as Trinamool Congress supporters. Sources say six trunks full of deeds mentioned in Sudipta Sen's letter to the CBI have been seized. Sen's cook Hemanta...
03:54 PM, Apr 25, 2013
Kolkata: A Congress link to West Bengal's Saradha chit fund scam has surfaced. CNN-IBN has accessed a letter written by Congress MP from Malda and Union Minister of State Abu Haseem Khan Chowdhury to Prime Minister Manmohan Singh where he shields the Saradha group. In the letter dated March 15, 2012, Chowdhury has withdrawn his complaint of September 2011 against Saradha Realty and has defended the company. Chowdhury urged the...
03:23 PM, Apr 25, 2013
