Kolkata: West Bengal chit fund scam accused Sudipta Sen and Arvind Chauhan have been remanded to judicial custody till May 22. The court has reserved order on the third accused Debjani Mukherjee as she is in hospital.
Mukherjee was admitted after complaining of stomach ailment. Meanwhile, Congress workers protested in Kolkata against TMC leader Kunal Ghosh, who is alleged to have links in the case.
On Friday, the manager and three others of Tower Group, a chit fund company, were arrested at Arambag in Hoogly district. The police said, the manager of Tower Group, Somsubhra Chatterjee, and three other staff of a branch office at Arambag were arrested this noon on the charge of cheating people.
Police raided the office after nearly a hundred depositors complained against the four employees of the branch office. The depositors complained that they were being denied of their dues when they applied for premature withdrawl of money, sources said....
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04:23 PM, May 18, 2013
Kolkata: The Saradha chit fund scam's suspected kingpin Sudipta Sen who earlier had reached out to the CBI accusing West Bengal's ruling Trinamool Congress of complicity in the swindle, has now approached the court opposing probe by the central agency. Sen, now behind bars, has not only filed an affidavit in the Calcutta High Court expressing faith in the state government's investigation as opposed to a Central Bureau of Investigation...
10:30 PM, May 16, 2013
Kolkata: Saradha group chairman Sudipta Sen, who has been accused of cheating lakhs of investors of their money running into thousands of crores, on Wednesday opposed a Central Bureau of Investigation (CBI) probe into the complaints against him and his companies in an affidavit filed before the Calcutta High Court. He claimed before a division bench comprising Chief Justice Arun Mishra and Justice Joymalyo Bagchi that the Special Investigation Team...
10:20 AM, May 16, 2013
Kolkata: Violence broke out on Tuesday at an anti-chit fund rally, held by Democratic Students Organisation (student wing of Socialist Unity Centre of India) in Kolkata. Police had to resort to lathicharge to disperse the participants of the rally, who were trying to hold a law violation programme. There are reports of injuries on both sides. More details are awaited. ...
03:35 PM, May 14, 2013
Kolkata: Delivering a double blow to West Bengal's Mamata Banerjee government, the Calcutta High Court on Monday ordered CBI probe into a Trinamool Congress worker's death allegedly in police custody and refused to suspend its earlier verdict upholding the primacy of the State Election Commission. A division bench of Chief Justice Arun Mishra and Justice JM Bagchi took the twin decisions hearing separate cases within a gap of hours in...
04:42 AM, May 14, 2013
Kolkata: The Calcutta High Court has ordered a Central Bureau of Investigation probe into the death of a Trinamool Congress activist in police custody in January. 30-year-old Kazi Nasiruddin, a TMC activist, had died after he was allegedly tortured by the police. He had been arrested following a face-off with the police over a car parking issue and taken to the police station. He was later on taken to the...
01:55 PM, May 13, 2013
Chakdah: Seeking to turn the tables on the Marxists for demanding CBI probe in the chit fund scam, Trinamool Congress leader Mukul Roy on Saturday night alleged that most of the chit funds came up during the Left front regime. "If the investigations start now, many CPI(M) leaders may come under net. The CPI(M) is demanding CBI inquiry to actually delay the probe process," the former union minister alleged at...
12:40 AM, May 12, 2013
Kolkata: Sudipta Sen's alleged aide Debjani Mukherjee, who was arrested in connection with the West Bengal chit fund scam, distanced herself from the Saradha Group chairman through a letter that was made public by her lawyers. Debjani in her letter, alleged that Sudipta masterminded the racket while she was merely a salaried employee who was manipulated. She also blamed the media for misrepresenting her relationship with Sudipta. Mamata government has...
05:22 PM, May 11, 2013
New Delhi: The Left parties on Thursday sought a court-monitored CBI probe into the West Bengal chit fund scam and accused the Trinamool Congress-led government of not intervening to check activities of companies with suspicious financial dealings in the state. Senior leaders of Communist Party of India-Marxist, the Communist Party of India, the Revolutionary Socialist Party and Forward Bloc met President Pranab Mukherjee and Prime Minister Manmohan Singh separately and...
03:25 AM, May 10, 2013
Kolkata: The West Bengal government on Tuesday assured the Presidency University that no political interference would be allowed in the premier institution and there would be an impartial probe into the vandalism there. "The chief minister (Mamata Banerjee) has assured me that no political interference will be allowed in the Presidency University," the varsity Mentor Group chairman Sugata Bose told reporters here after a meeting with the CM. Presidency University...
01:40 AM, May 08, 2013
Kolkata: The CBI on Tuesday filed an affidavit in Calcutta High Court stating that it is ready to take up investigation into the Saradha chit fund scam if directed by the court. The investigative agency stated that the court must also direct the West Bengal government and all other State governments concerned to provide all necessary logistical support to them in case the court directs the CBI to take up...
02:32 PM, May 07, 2013
Kolkata: The West Bengal government has sealed the offices of MPS group, a business house that has an estimated liability of Rs 17,000 crore and is under the scanner of the Securities and Exchange Board of India (SEBI). The crackdown comes after the collapse of Saradha group's chit fund business in April, which affected thousands of depositors. Panicking depositors and agents protested outside the MPS group's office at Lake Town...
09:58 AM, May 05, 2013
New Delhi: The CBI on Saturday arrested one more accused in the Railway bribery scandal involving nephew of Railway Minister PK Bansal and a Board member, taking the total number of arrests by the agency to seven. Rahul Yadav, one of the middlemen, named in the FIR, was arrested by the agency, CBI sources said. Earlier on Saturday, two courier boys, who allegedly delivered Rs 90 lakh cash as bribe...
01:40 AM, May 05, 2013
Panihati: Stopping short of giving a call for a fourth front at the national-level, West Bengal Chief Minister Mamata Banerjee on Saturday exhorted regional parties to come under one umbrella and oust the Congress-led UPA government at the Centre. "Now there should be a slogan - No third UPA government. Let all regional parties unite to provide a stable and pro-people government at the Centre," Banerjee told a party rally...
08:11 PM, May 04, 2013
New Delhi: Sources said on Saturday that the government might ask Railway Minister Pawan Kumar Bansal to explain his role in the bribery case, in which his nephew Vijay Singla was arrested by the Central Bureau of Investigation (CBI) on Friday. Bansal, however, has claimed that he had no knowledge about the matter. "I had no knowledge or clue about the matter at all. He or any other relative of...
09:14 AM, May 04, 2013
Kolkata: Attacking the opposition over its demand for a CBI probe in the chit fund muddle, West Bengal Chief Minister Mamata Banerjee on Thursday accused the central government of inaction against the burgeoning 'ponzi' firms. "Those who are clamouring for CBI inquiry, I want to ask them why the central organisations like the SEBI and the RBI never took steps against the chit funds. These organisations are the one who...
06:09 AM, May 03, 2013
Kolkata: Under attack over the Saradha scam, Trinamool Congress supremo and Chief Minister Mamata Banerjee on Thursday said she will not spare anyone including those in her party if found guilty. "For the past few days concocted and salacious canards are being spread against me and my party MPs, MLAs, councillors and even some family members," Banerjee told a party rally at Shyambazar in North Kolkata. "Don't link the names...
10:30 AM, May 02, 2013
Kolkata: The probe in the West Bengal chit fund case has widened its ambit to the previous Left government. On Wednesday, the police questioned the top aides of two former Left ministers. Sources said that the police questioned Anjan Bhattacharya, the assistant of former Housing Minister Gautam Deb and Ganesh Dey, the CA of former Finance Minister Asim Dasgupta. Sources said that the police were looking if illegal pay-offs were...
07:54 PM, May 01, 2013
Kolkata: Seeking to prevent the opposition from cashing in on the Saradha chitfund scam, West Bengal Chief Minister Mamata Banerjee will hit the streets on Thursday to shift the blame to her predecessors and project the action taken by her government against the 'legacy' of '70s and '80s. "The chitfunds are a legacy of Bengal from the 70's and 80's. For all these years, CPI(M) and Congress turned the other...
06:58 PM, May 01, 2013
Kolkata: The Bidhannagar Police on Tuesday called tea trading firm owner Sajan Agarwal for questioning in the West Bengal chit fund scam case. Saradha chief Sudipta Sen had named Agarwal as the conduit through which key players in Delhi were paid off. Meanwhile, Chief Minister Mamata Banerjee on Tuesday started sealing offices of two chit fund companies in Entally, Dalhousie and Behala areas of Kolkata. She had said in the...
11:20 PM, Apr 30, 2013
