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
BJP leader Ram Asrey Kushwaha said the PM and Sonia Gandhi should remove corrupt ministers from the government and Bansal must resign on moral grounds. ...
09:59 AM, 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
Kolkata: In a fallout of the Saradha chit fund scam in West Bengal, the state Assembly on Tuesday passed a new bill on protecting investor interests in chit fund companies. The Bill was passed with minor amendments in a special session of the Assembly. However, there was no amendment in the most controversial portions of the Bill, namely the definition of Competent Authority (clause 8) and Section 22 (2) which...
06:03 PM, Apr 30, 2013
Kolkata: Under massive pressure over the chit fund scam, West Bengal will on Tuesday enact a new law to deal with companies that take public deposits. But it is based on an old draft that has been withdrawn and its critics say it will do more harm than good. The draft circulated among West Bengal's lawmakers on Saturday shows it to be more or less a copy of an old...
10:20 AM, Apr 30, 2013
Kolkata: The police questioned Trinamool Congress MP Kunal Ghosh for 90 minutes regarding his involvement in the multi-crore West Bengal chit fund scam on Monday. Sources say Ghosh was asked about his position in the company, his deal with Saradha Group promoter Sudipta Sen on Channel 10 and whether he had anything to do with the financial aspect of the company. Police sources say all those from Bengal who have...
09:45 AM, Apr 30, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee's nephew Abhishek Banerjee would sue senior CPI-M leader Gautam Deb for alleging that he has amassed fortune worth Rs 300 crore and was into the chit fund business, the Trinamool Congress said on Monday. A day after Deb made the claims at a Communist Party of India-Marxist (CPI-M) rally by naming Banerjee's company Leaps and Bounds, the Trinamool termed the allegations as "slanderous...
10:50 PM, Apr 29, 2013
India on Monday formally asked Pakistan to release Sarabjit Singh, the death row convict, whose condition remains critical after he was brutally assaulted in a Pakistani jail. ...
09:48 PM, Apr 29, 2013
Kolkata: The West Bengal Police investigation into the Saradha chit fund fraud gathered steam on Monday as it summoned Trinamool Congress MP Kunal Ghosh for questioning over his role in the scam. Ghosh, however, denied all the charges saying it was a conspiracy against him. "Lies are being concocted and spread against me. I have come here to record a statement for the investigation being conducted by the police. I...
07:32 PM, Apr 29, 2013
Kolkata: The Trinamool Congress MP, Kunal Ghosh was on Monday summoned by the Bidhannagar Police for interrogation over the multicrore Saradha chit fund scam. Saradha group promoter Sudipta Sen and his aide Debjani Mukherjee had alleged that Kunal Ghosh had played a role in the fraud. Ghosh, however, denied all the charges against him, alleging it was a conspiracy. "Lies are being spread about me. The probe will bring out...
06:05 PM, Apr 29, 2013
Kolkata: Sudipta Sen, Saradha group chairman accused of duping lakhs of investors, has allegedly swindled 2500 of his employees of their provident fund money, according to sources. Sources said that the amount never got deposited in their respective PF accounts. A team of ED officials from Kolkata have started looking at the financial trail and the use of money. ED officials are also looking into Sudipta Sen's bank accounts, sources...
05:46 PM, Apr 29, 2013
Kolkata: Congress workers on Monday went on a rampage over the West Bengal chit fund scam in Kolkata. They took to the streets in Kolkata demanding a CBI probe and the arrest of Trinamool Congress MP Kunal Ghosh. The protesters burned effigies, broke barricades and also clashed with the police. Some of the protesters were taken into custody by the police. Meanwhile, day one of the special Assembly session was...
03:48 PM, Apr 29, 2013
The Centre is investigating the West Bengal chit fund schemes with the Corporate Affairs Ministry setting up a special panel. ...
03:30 PM, Apr 29, 2013
