Kolkata: The Trinamool Congress is on the defensive after the alleged West Bengal chit fund scam kingpin and Saradha Group CMD, Sudipta Sen, claimed he was blackmailed by the party's leaders. But TMC MP Srinjoy Bose denied the allegations and said his company's tie-up with Saradha group was a completely professional one. "Our group had a professional tie-up with Saradha group's TV channel. It was a purely professional relation," Srinjoy...
12:06 PM, Apr 24, 2013
Kolkata: Explosive revelations could embarrass the Trinamool Congress in the chit fund scam. National daily The Indian Express has reported that the Saradha Group CMD has sent an 18-page letter to the Central Bureau of Investigation. The letter contains the names of several key politicians, officials and legal experts who allegedly milked the company for money. The letter could reveal a nexus between politicians and the chit fund industry. The...
11:15 AM, Apr 24, 2013
The Chairman of the group, Sudipta Sen, was on Tuesday arrested in Jammu and Kashmir along with two others. ...
10:59 AM, Apr 24, 2013
Kolkata: West Bengal Chief Minister Mamata Bannerjee is in damage control mode as the Saradha chit fund scam threatens to embarrass her government further. Mamata has promised action if any of its leaders are involved in the scam. "Mamata Banerjee has said that anybody found culpable will be acted against," Trinamool Congress leader Saugata Roy said. The Chairman of the group, Sudipta Sen, has been arrested in Jammu and Kashmir...
08:10 AM, Apr 24, 2013
Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. ...
11:45 PM, Apr 23, 2013
Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. ...
11:30 PM, Apr 23, 2013
Three people were arrested on Tuesday in Jammu and Kashmir in connection with the West Bengal chit fund scam. ...
09:57 PM, Apr 23, 2013
SEBI chief UK Sinha said people have tendency to invest in schemes of fast money making. ...
07:12 PM, Apr 23, 2013
A parliamentary panel on coal blocks allocations has suggested that all allotments between 1993 and 2008 be scrapped, effectively blaming the previous NDA government too. ...
07:04 PM, Apr 23, 2013
Kolkata/Srinagar: Three people, including the promoter of Saradha group, Sudipta Sen, were arrested in Sonmarg, Jammu and Kashmir on Tuesday in connection with the West Bengal chit fund scam. The three people were reportedly on their way from Srinagar to Sonmarg when they were intercepted by the Jammu and Kashmir Police. While a close aide of Sen, Debjani Mukherjee was the second person arrested, the third person, sources say is...
05:34 PM, Apr 23, 2013
New Delhi: Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. Sources said that Sebi began the latest round of investigation after certain complaints...
01:42 PM, Apr 23, 2013
Kolkata: There was another suicide bid by a Saradha Group agent hit by the chit fund scam in West Bengal. Twenty-eight-year old Tapasi Singha tried to commit suicide by consuming sleeping pills. She had a liability of Rs 5,30,000. Tapasi and her husband Sri Nandan Singha were agents of Saradha realty. She has been admitted in Jangipur Sub Divisional Hospital. As lakhs of investors in West Bengal lose their savings...
12:47 PM, Apr 23, 2013
Kolkata: As lakhs of investors in West Bengal lose their savings in a chit fund scam following the collapse of the Saradha Group, Chief Minister Mamata Banerjee has been shifting the blame on the Left. This even as heat builds on Trinamool Congress MP Kunal Ghosh who headed Saradha group's media unit. But he claims it was a while back when he was working as a journalist. Advocate Basabi Roy...
10:46 AM, Apr 23, 2013
New Delhi: The Calcutta High Court on Monday granted leave to file a PIL in the West Bengal chit fund scam. The PIL sought a CBI enquiry into the scam and compensation to the depositors, also alleging vicarious liability by the government. The PIL said it was the duty of the state and the central government to pay compensation to the depositor and also to fix the responsibility of the...
12:32 PM, Apr 22, 2013
New Delhi: The Delhi Police on Monday arrested the General Secretary of Students Federation of India (SFI) and five others in connection with the heckling incident during which West Bengal Chief Minister Mamata Banerjee and state Finance Minister Amit Mitra were attacked by suspected SFI activists in Delhi as they tried to enter the Planning Commission building. The Trinamool Congress on Monday warned that it will not allow Parliament to...
11:57 AM, Apr 22, 2013
New Delhi: With political manoeuvrings picking up pace for next year's Lok Sabha elections, the CPI(M) on Sunday said the Trinamool Congress was being wooed by the Bharatiya Janata Party. "The Trinamool Congress has a record of alliance with both the BJP and the Congress. At present, the BJP is wooing the TMC," CPI(M) General Secretary Prakash Karat said. He was asked about the possibility of Trinamool Congress chief Mamata...
11:56 AM, Apr 21, 2013
Kolkata: One of the directors of the 'chit fund' company Saradha Group was on Saturday arrested while its Chairman and Managing Director Sudipto Sen was still at large. "We have arrested Manoj Kumar Nagel who is one of the directors of the company from Bidhannagar. We are also looking out for their chairman Sudipta Sen by keeping a vigil at airport and other places," a senior police official at Bidhannagar...
08:35 AM, Apr 21, 2013
The culture of political violence in Bengal is not even sparing holy grounds such as Presidency College (now University) which were till now protected from acts of violence and hooliganism. ...
11:37 PM, Apr 18, 2013
New Delhi: An all-party meeting has been called on Thursday to discuss the Land Acquisition Bill, which seeks to strengthen landowners' rights during acquisition for development. This will be the third all-party meeting on the Land Acquisition Bill. The parties, which failed to arrive on a consensus on the bill in the last two meetings, were asked to give their suggestions by April 15 and six parties are reported to...
08:19 AM, Apr 18, 2013
Kolkata/Siliguri: Stoking controversy, a leader of CPI(M) student wing who was arrested after a clash with ruling Trinamool Congress activists, has been chained to his bed at a state-run hospital in judicial custody. The first year student, Santosh Sahani, of SFI was arrested on April 10 after a clash between Trinamool Congress and Left supporters in Siliguri. The chain was later removed following an uproar with activists alleging violation of...
11:23 PM, Apr 16, 2013
