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 Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session. But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be returned by the Centre so that it...
12:43 PM, Apr 26, 2013
Kolkata: There is more trouble for Saradha Group promoter Sudipta Sen and Trinamool Congress's Rajya Sabha MP Kunal Ghosh. Twenty employees of news channel Channel 10 have filed an FIR against Sudipta Sen and Kunal Ghosh over non-payment of salaries. The FIR was filed by a section of the Channel 10 employees at the Park Street Police Station on Thursday night. The FIR, which also names six other senior employees...
10:45 AM, Apr 26, 2013
New Delhi: As Saradha group promoter Sudipta Sen and the Trinamool Congress drag Finance Minister P Chidambaram's lawyer wife Nalini in the chit fund scam, her client Manoranjana Sinh has stepped in to defend her. In a video message on YouTube, she said Nalini advised her and her husband against accepting Saradha funds for her channel. "Mr Sudipta Sen according to me is a white collar criminal who is trying...
10:15 AM, 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
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
Kolkata: As lakhs of investors affected by the chit fund scam demand refund, West Bengal Chief Minister Mamata Banerjee has decided to increase tax on cigarettes by 10 per cent to help them. She said smoking more won't harm, but help investors. "We have decided to increase the tax on cigarettes by 10 per cent in order to raise money for the Saradha Relief Fund. It wouldn't harm if you...
01:57 PM, Apr 25, 2013
New Delhi: Finance Minister P Chidambaram's wife Nalini Chidambaram was engaged as a senior advocate to appear on behalf of Manoranjana Sinh and her husband and a Narasimha Rao government minister Matang Sinh in a company petition filed by her before the company law board against M/4 Positive TV Ltd, sources close to the Union Minister's wife have said. The case is still pending before the Company Law Board. Sources...
01:35 PM, Apr 25, 2013
Kolkata: Saradha group promoter and the main accused in the West Bengal chit fund scam Sudipta Sen who was brought to Kolkata late on Wednesday night on a 4-day transit remand was produced in court on Thursday along with two others arrested from Sonmarg in Jammu and Kashmir on Tuesday. There were protests by Congress and Trinamool Congress members outside the court. Sources say the police are likely to ask...
12:20 PM, Apr 25, 2013
New Delhi: Lok Sabha was adjourned on Thursday without transacting any business as a mark of respect for Trinamool Congress member Ambika Banerjee who died early this morning. Banerjee, who was an MP from Howrah, was 84. As soon as the House met for the day, Speaker Meira Kumar condoled his death. Banerjee was a member of the West Bengal Assembly five times and was elected to the Lok Sabha...
11:51 AM, Apr 25, 2013
Kolkata: The West Bengal chit fund scam is snowballing into a major case with Saradha group promoter Sudipta Sen's letter mentioning several high profile names including that of top Trinamool Congress politicians, lawyers and journalists. The letter also mentions the lawyer wife of a union minister who was the lawyer for a deal between Sudipta Sen and the Narasimha Rao government minister Matang Sinh and his wife Manoranjana Sinh to...
11:20 AM, Apr 25, 2013
Kolkata: Amidst speculation that Saradha group promoter Sudipta Sen used his media groups to portray an image of being close to the Trinamool Congress, the party continues to distance itself from Saradha. West Bengal Chief Minister Mamata Banerjee has often tried to paint the media red. But she is now getting a taste of her own medicine. When the bubble burst, Sen was the first to shut down his media...
09:00 AM, Apr 25, 2013
Kolkata: The Saradha chit fund scam main accused, Sudipta Sen, was brought to Kolkata late on Wednesday night on a 4-day transit remand. Congress workers greeted him with protests at the Dum Dum airport and he will be produced in court on Thursday. Meanwhile, under fire for the involvement of her own MPs in the scam, West Bengal Chief Minister Mamata Banerjee has announced a Rs 500-crore relief for small...
08:26 AM, Apr 25, 2013
Kolkata: The Trinamool Congress (TMC) and the Left traded charges against each other over the chit fund scam in West Bengal on Wednesday. While the Left accused TMC of involvement, the latter said the chit fund companies were allowed to flourish even during the former's rule. "The Saradha group started in 2006. The chit fund companies mushroomed in Left regime. It's not only the question of Sudipto Sen. Clarifications have...
10:21 PM, Apr 24, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday defended her government in the chit fund scam and lauded the police force for doing a "good job". She also announced a Rs 500 crore relief fund for the small and medium-term investors hit by the scam. She said that Rs 150 crore of the fund would be raised through a 10 per cent surcharge on cigarettes and the rest through...
07:03 PM, Apr 24, 2013
Kolkata: In more embarrassment for the Mamata Banerjee government, another letter written by Trinamool Congress MP Tapas Paul has surfaced which 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. CNN-IBN has accessed a copy of the letter written by Paul to then...
06:31 PM, Apr 24, 2013
Kolkata: The Trinamool Congress, under fire from the Congress and the Left over the West Bengal chit fund scam, has said that it had no role to play in it. Party leader Saugata Roy said, "The TMC as a party is not involved in the scam. This has been done by a scamster. I have no knowledge of any personal connection between the TMC and the Saradha group." He, however,...
05:54 PM, Apr 24, 2013
