Chit Fund Scam

  • Saradha Chit Fund Scam: CBI asks Bengal, Odisha government to share documents of scam before July 31 7 hours 53 minutes ago

    Kolkata: CBI has asked the state government of West Bengal and Odisha to share all documents related to the Saradha Chit Fund scam with them before July 31. The CBI order comes after the Supreme Court ordered transfer of investigation of the scam from the special investigation team and the...
  • CBI files first set of FIRs in connection with the Saradha chit fund scam June 4, 2014

    New Delhi: CBI has registered its first set of FIRs in connection with the multi-crore Saradha Chit fund scam. A total of 3 FIRs have been filed in West Bengal and 43 FIRs have been filed in Odisha which includes allegations of cheating, criminal breach of trust and conspiracy. The CBI...
  • Saradha scam: ED to file first charge sheet by July May 11, 2014

    The Enforcement Directorate (ED) is expected to file its first charge sheet in the multi-crore Saradha chit fund scam by July this year even as latest investigations by the agency have found a "documented" money trail of Rs 700-800 crore between some top politicians and officials of the defunct group. The...
  • CBI should probe Naveen's role in chit fund scam: BJP May 10, 2014

    With the Supreme Court ordering a CBI probe into the Saradha scam, the BJP on Saturday attacked Odisha Chief Minister Naveen Patnaik accusing him of protecting ponzi firms and demanded inclusion of the BJD supremo's name in the enquiry. "Naveen Patnaik has to come under the CBI probe net in the...
  • A Billion Votes: Arvind Kejriwal urges people to end elitist politics May 9, 2014

    After BJP prime ministerial candidate Narendra Modi's grand roadshow in Varanasi on Thursday, it is his competitor Arvind Kejriwal who is all set to hit the streets of the temple town on Friday. Kejriwal's roadshow is likely to begin around 3 pm from the main gate of Benaras Hindu University. ...
  • CBI probe into Saradha scam may spoil Mamata's mission 30 seats May 9, 2014

    Kolkata: The spectre of the Saradha Ponzi scam has returned to haunt Mamata Banerjee and her party, the Trinamool Congress, and the timing couldn't have been more significant. Taking the mantle away from the Bengal police and the special investigation team, the Supreme Court ordered transfer of investigation into the...
  • Saradha scam: Setback to Mamata government, SC orders CBI probe May 9, 2014

    New Delhi: The Supreme Court on Friday ordered a CBI probe into the Saradha chit fund scam in West Bengal and numerous other ponzi schemes in Odisha and Assam. The top court said that the cases were being transferred from the states to the CBI considering the "magnitude of the...
  • Congress, TMC, Left's only agenda is to stop me: Narendra Modi May 7, 2014

    Krishnanagar: Claiming that Congress, Trinamool Congress and the Left have a "behind the scene" understanding, BJP's prime ministerial candidate Narendra Modi on Wednesday said that their only agenda was to "stop Modi". "You may think that Congress, Trinamool Congress and the Left are fighting separately. But try to understand the game...
  • Saradha scam: ED to complete probe within 'reasonable time' May 6, 2014

    Kolkata: The Enforcement Directorate was hopeful that the investigation into the Saradha ponzi scam would be completed within a reasonable period of time, as the wife of a former Congress MP was questioned. "The Saradha probe involves several issues and scanning of plethora of documents. But we hope that the investigation...
  • Assets, properties worth Rs 1,759 crore seized by ED April 29, 2014

    New Delhi: Over Rs 1,750 crore worth of properties and valuable assets have been seized by Enforcement Directorate (ED) in the last one year even as the anti-money laundering agency launched maximum number of prosecution for alleged violations during the same period. The agency carried out a total of 127 attachments...
  • Chidambaram has nothing to hide in Saradha scam: Anand Sharma April 28, 2014

    Kolkata: Rebutting Narendra Modi's charge that Union Finance Minister P Chidamaram had something to hide in the Saradha scam, Union Commerce Minister Anand Sharma on Monday said that Trinamool Congress leaders were involved in the scandal and they would be investigated and punished under law. Sharma alleged that Chief Minister Mamata...
  • Saradha scam: Chidambaram hits back at Mamata Banerjee April 26, 2014

    New Delhi: With Mamata Banerjee targeting him on the Saradha scam issue, Finance Minister P Chidambaram on Saturday rejected allegations by the West Bengal Chief Minister that Enforcement Directorate was acting at his behest. He also asked why the Chief Minister was concerned about people "charged with wrongdoings" and said she...
  • LS polls: Never did politics for money, says Mamata Banerjee April 24, 2014

    Burdwan: With her party facing the heat over the Saradha chit fund scam during the Lok Sabha elections, Chief Minister Mamata Banerjee on Thursday said she never did politics for money. "I do politics of people and not money. Now politics mean canards, propaganda and quarrels and a means to convert...
  • TMC questions timing of ED probe into Saradha chit fund scam April 21, 2014

    Kolkata: The Trinamool Congress has raised questions at the timing of the Enforcement Directorate's probe into the Saradha chit fund scam, alleging political motivation behind the investigative activity. Finance and Industry Minister of West Bengal Amit Mitra questioned the CBI and ED's motive behind launching the probe just two days...
  • Congress questions Mamata's meeting with Anna February 21, 2014

    Congress in West Bengal on Friday criticised Anna Hazare's meeting with Chief Minister Mamata Banerjee, wondering if the Gandhian would agree to hold a dharna in Kolkata for the victims of Saradha Chit Fund scam. "I wonder whether Anna Hazare, who claims to be an anti-corruption crusader, is aware of the...
  • Saradha Chit fund scam: Group Chairman sentenced to 3 years in jail February 21, 2014

    Kolkata: A court in Kolkata has sentenced the chairman of the Saradha Group Sudipta Sen to three years in jail in connection with non payment of Provident Fund to his employees to the tune of Rs 3.5 lakh. Sen had confessed to the crime in court. It is one of...
  • West Bengal: Mamata government passes bill against chit funds again December 12, 2013

    Kolkata: Seven months after passing legislation aimed to protect interests of chit fund depositors but failing to get presidential assent, the West Bengal Assembly on Thursday cleared another bill on the issue, amidst the opposition's apprehension that it would again be sent back for having unconstitutional provisions. The West Bengal Protection...
  • Saradha scam: Kunal Ghosh sent to 14 days judicial custody December 6, 2013

    Howrah (WB): A local court on Friday remanded suspended Trinamool Congress MP Kunal Ghosh, who was arrested for alleged involvement in the multi-crore Saradha scam, to 14 days judicial custody. Howrah Chief Judicial Magistrate Arun Kumar Nandi sent Ghosh to judicial custody till December 20. On November 30, the Howrah CJM had...
  • Saradha scam: Suspended TMC MP Kunal Ghosh remanded to police custody November 24, 2013

    Kolkata: Suspended Trinamool Congress MP Kunal Ghosh on Sunday was remanded to five days police custody by Bidannagar court in the Saradha chit fund scam. Ghosh was arrested on Saturday and is accused of being a part of the conspiracy with Saradha group chairman Sudipto Sen. The police claimed that...
  • Saradha scam: Suspended TMC MP Kunal Ghosh reaches court November 24, 2013

    Kolkata: Suspended Trinamool Congress MP Kunal Ghosh, who was arrested by the Bidhannagar Police in connection with the Saradha Group chit fund scam, has reached Bidannagar court. The police claimed that the evidence indicates that Kunal Ghosh was involved in the conspiracy along with Saradha Group chairman Sudipta Sen. Ghosh...
  • No compromise with discipline, Mamata Banerjee warns party rebels September 30, 2013

    Kolkata: Issuing a stern warning apparently aimed at rebel party MPs, Trinamool Congress chief Mamata Banerjee Monday said the party will not compromise on disciplinary issues. "There are one or two people, not many, who win elections riding on Trinamool's shoulders, but when their pension is assured, and the next election...
  • Three TMC MPs get show-cause notice for anti-party statements September 21, 2013

    Kolkata: Three Trinamool Congress MPs have been issued show-cause notices for making anti-party statements. Notices have been issued against TMC MPs Kunal Ghosh, Tapas Pal and Shatabdi Roy. Kunal Ghosh has claimed that he has been unfairly accused in the Saradha chit fund scam and if the need arises he...
  • Odisha chit fund probe panel extends deadline September 17, 2013

    A commission probing the multi-crore-rupee chit fund scam in Odisha has extended the deadline for submission of complaints till September 30 as more people are coming ahead with grievances, a commission official said on Tuesday. The one-man panel led by RK Patra, former chief justice of the Sikkim High Court, had...
  • Panel probing Odisha chit-fund scam extends deadline September 2, 2013

    Bhubaneswar: A one-man commission probing the multi-crore-rupee Odisha chit-fund scam has extended the deadline for submission of complaints to Sep 18, the commission secretary said Monday. The commission was appointed in May to probe the alleged fraud committed by chit-fund companies and suggest ways to safeguard the interests of investors affected....
  • Saradha chit fund scam: SC issues notice to Centre, CBI, WB govt July 18, 2013

    New Delhi: The Supreme Court on Thursday issued notice to the centre, West Bengal government, CBI and Securities and Exchange Board of India on a petition seeking transfer of the Saradha chit fund scam investigation to the premier probe agency. The apex court bench, headed by Chief Justice Altamas Kabir, issued...
  • Odisha: Seashore group CMD in two-day police custody July 6, 2013

    Koraput (Odisha): A local court on Saturday remanded the CMD of a ponzi scheme company to two-day police custody, official sources said. A cheating case was registered against Prasanth Dash, the CMD of Seashore Group, at Jeypore police station on June 23 and the district police had approached the court...
  • Odisha chit fund: Seashore Group CMD's bail plea rejected July 2, 2013

    Koraput: A district court on Monday rejected the bail petition of Seashore Group CMD Prashant Dash in the chitfund scam for the second time. The bail petition was rejected by the SDJM, Koraput Ajit Patnaik. "The court denied bail to Dash citing that investigation is under...
  • WB chit fund scam: Court refuses CBI probe June 19, 2013

    Kolkata: The Calcutta High Court on refused to grant the prayer for a CBI investigation into the multi-crore Saradha chitfund scam at the present stage. A division bench comprising Justice AK Banerjee and Justice MK Chaudhuri, passing its order on PILs seeking CBI probe into the scam, refused the prayer...
  • Howrah by-poll: TMC defeats CPM by 27,000 votes June 5, 2013

    Howrah: The Trinamool Congress candidate Prasun Banerjee has won the Howrah by-poll over its CPI(M) rival Sridip Bhattacharya by 27,000 votes. This, however, was almost 10,000 votes less than the previous TMC victory at the seat. The result in the by-poll is seen as the trust vote for Chief Minister Mamata...
  • West Bengal: Results for Howrah by-poll to be announced today June 5, 2013

    Kolkata: By-poll result for the Howrah constituency in West Bengal, which went in for polling on Sunday, will be announced on Wednesday. The election has been necessitated following the death of Trinamool Congress MP Ambika Banerjee on April 25. This will be the acid test for Trinamool Congress as it...