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
Mysore: Ten girls from West Bengal and Bangladesh, including two minors, have been rescued from a sex racket in Mysore. The CID's anti-trafficking squad raided a motel after getting a tip off by an NGO. The police said that the hotel seems to have been built specifically for such a racket with secret rooms and hideouts and an alarm system to alert girls to take shelter in case of a...
07:12 PM, Apr 25, 2013
Were elements of the ruling party in West Bengal complicit in the chit fund scheme which swindled thousands of crores from hapless, poor people? Left economist Prasenjit Bose joined IBNLive readers for an interaction on the issue. Q. Who is responsible for this? Asked by: sridhar gutam A. hi sridhar, I think the main culpability lies with the party in power, i.e. the Trinamul Congress. this telegraph report is quite...
06:08 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
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
Burdwan: An undertrial, who was accused in a rape and murder case, allegedly tried to commit suicide by setting himself on fire at a court lock up in Burdwan district on Thursday. Sukanta Sarkar alias Ravan (37) was in the lock up of the SDJM's court in Asansol before being produced when he set himself on fire and sustained 80 per cent burn injuries, police said. He was taken to...
01:00 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
Chennai: As many as 10 Indian films, including those in Hindi, Tamil, Malayalam and Bengali, will be screened at the 14th Jeonju International Film Festival, starting in South Korea Thursday. Nine films, including Tamil movies 'Neerparavai' and 'Azhagar Samiyin Kuthirai', three Hindi movies - Hansal Mehta's 'Shahid', Ajay Bahl's 'B.A. Pass' and Ashim Ahluwalia's 'Miss Lovely', one Malayalam film 'Color of Sky', directed by Bijukuma Damodaran and one Bengali film...
11:58 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
Guwahati: The Saradha chit fund scam also stretches to Assam. Saradha promoter Sudipta Sen's explosive letter to the Central Bureau of Investigation (CBI) brings Assam Health and Education Minister and a former DGP under scrutiny. Assam Chief Minister Tarun Gogoi has hinted at a CBI enquiry, but says his minister will not quit till proven guilty. The 18-page letter written by Sudipta Sen alleges a prominent Assam cabinet minister Himanta...
10:27 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
