Chit Fund

  • CBI grills BJD MLA in connection with Odisha chit fund scam 13 hours 13 minutes ago

    Bhubaneswar: The Central Bureau of Investigation on Tuesday grilled Biju Janata Dal MLA Pravat Tripathy in connection with the Rs 20,000 crore Odisha chit fund scam. CBI sleuths had raided his house in August. Tripathy was alleged to have links with the prime accused of chit fund scam. So far,...
  • Chit fund case: BJD MLA Pravat Kumar seeks anticipatory bail 23 hours 3 minutes ago

    Cuttack: Senior Biju Janata Dal leader and Banki MLA Pravat Kumar Tripathy today approached the Orissa High Court seeking anticipatory bail following the raid of his houses by the Central Bureau of Investigation. "Since the CBI officials had raided my houses, I apprehend that the investigating agency could arrest me any...
  • Two high profile arrests in Odisha chit fund scam 2 days ago

    Bhubaneswar: The Central Bureau of Investigation on Sunday made two high profile arrests in the Rs 20,000 crore chit fund scam in Odisha. CBI sleuths arrested Madhu Mohanty, the owner of an Odia newspaper and Manoj Das, who owns a local news channel. Names of several BJD leaders including those linked to...
  • Mamata's decline: It's now Ma, Mati, Mafia 3 days ago

    Mamata Banerjee belongs to the dwindling tribe of regional politicians who look upon their profession through a partisan lens, which means that their focus is almost entirely on advancing the prospects of their parties. They have neither the ability nor the inclination to do anything for their states. Some are also...
  • Odisha: BJD under scanner over 20,000 cr chit fund scam, advocate general resigns over allegations 3 days ago

    Bhubaneswar: The ruling BJD is under the scanner over the 20,000 crore chit fund scam in Odisha. State Advocate General Ashok Mohanty has resigned from his post after the Central Bureau of Investigation (CBI) summoned him in the case. Chief Minister Naveen Patnaik has accepted Mohanty's resignation about four months...
  • Saradha scam: Pressure builds on TMC, party leaders feel the heat 5 days ago

    Kolkata: Just a day after the Central Bureau of Investigation made its first arrest of a Trinamool Congress leader in the Saradha scam, the agency grilled another party leader, Rajya Sabha MP Srinjoy Bose. Pressure is now building on the TMC in the chit fund scam case where even West...
  • Bullet News: Catch the day's top stories 6 days ago

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey 6 days ago

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: 200 dead, 90000 rescued, lakhs still stranded in J&K floods 6 days ago

    The Army, Indian Air Force, National Disaster Response Force and Indian Navy- the heroes of rescue operations - are battling the raging flood waters round the clock to save the life of people in the flood-ravaged Jammu and Kashmir. Not caring about their lives and families, these personnel are trying...
  • Saradha scam: Kunal Ghosh accuses Mamata of benefitting the most, asks court to grill them together September 6, 2014

    Kolkata: Suspended Trinamool Congress MP Kunal Ghosh on Saturday accused West Bengal Chief Minister Mamata Banerjee of having benefitted the most in the multi-crore Saradha chit fund case. Ghosh, while making his submission before a special CBI court in Kolkata, appealed to the judge, Arvind Mishra, that he should be questioned...
  • India @ 9 with Bhupendra Chaubey August 29, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Odisha chit fund scam: Why didn't the state government act despite proof of political patronage? August 29, 2014

    Bhubaneswar: In a report submitted to the Supreme Court, the Odisha government said that over one million investors in the state were duped of over Rs 4000 crore by 163 fraudulent chit fund companies for almost a decade. The question that had the experts puzzled was how could this daylight robbery...
  • Saradha chit fund scam: A year on, duped investors remain penniless August 29, 2014

    Kolkata: Agony, despondency, exasperation and anger. The emotions in West Bengal's countryside remain pretty much the same as they were a year ago when Saradha Group went bust. While the company's bosses Sudipta Sen, Debjani Mukherjee and Trinamool Congress MP Kunal Ghosh are in custody, duped investors have nothing. Most...
  • Chit fund scam: Having lost life-long savings, investors wait in agony for their money August 29, 2014

    Bhubaneswar: It's been more than three years now that over one million depositors in Odisha, mostly poor people, lost their hard earned money in the Rs 20,000 crore chit fund scam. CBI investigation is on and several owners of such fraudulent companies are in jail. But the plight of the...
  • Saradha scam: CBI custody of accused businessman extended August 27, 2014

    Kolkata: A city court on Wednesday extended the CBI custody of city-based businessman Sandhir Agarwal who was arrested for his alleged role in the Saradha chit fund scam. The Additional Chief Judicial Magistrate, Alipore Court, extended the CBI custody of Agarwal by five days till September 1 on a prayer...
  • Saradha scam: Court remands Sudipta Sen to CBI custody August 21, 2014

    Kolkata: A court on Thursday remanded chairman of Saradha group Sudipto Sen to CBI's custody till August 26 as the agency plans to verify some more names of politicians who allegedly were beneficiary of the chit fund scam. Sen's custody was taken along with the official of East Bengal football club...
  • India @ 9 with Anubha Bhonsle August 18, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • News 360: India calls off talks with Pakistan August 18, 2014

    India on Monday called off its Foreign Secretary-level talks with Pakistan, sending a strong message to the country after its envoy held an hour-long meeting with Kashmiri separatist leaders in Delhi despite a warning by India against it. ...
  • Saradha scam: Filmmaker Aparna Sen denies role in monetary transactions August 18, 2014

    Kolkata: Actor and filmmaker Aparna Sen on Monday denied have any role in the monetary transactions of the Saradha group accused of embezzling lakhs of investors in a chit fund scam. Sen, who was the editor of the magazine 'Poroma', started by Saradha chief Sudipta Sen, was quizzed by the Enforcement...
  • Saradha scam: Enforcement Directorate quizzes national award winning filmmaker Aparna Sen August 18, 2014

    Kolkata: National award winning film maker Aparna Sen was questioned by the Enforcement Directorate on Monday in connection with the multi-crore-rupee Saradha chit fund scam. Sen appeared before the agency that is probing the scam along with husband Kalyan Roy. Aparna Sen was the editor of a magazine called Parama ...
  • Saradha chit fund scam: ED questions Mithun Chakraborty July 25, 2014

    Mumbai: The Enforcement Directorate on Wednesday questioned film actor-cum-Trinamool Congress MP Mithun Chakraborty in connection with the Saradha chit fund scam in West Bengal, officials said. A team of ED officials drawn from its offices in Kolkata and Mumbai jointly quizzed the actor at his residence for close to two hours...
  • Saradha Chit Fund Scam: CBI asks Bengal, Odisha government to share documents of scam before July 31 July 22, 2014

    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 should now return money to duped Saradha depositors: Mamata Banerjee May 9, 2014

    Hours after the Supreme Court ordered a CBI probe into the Saradha chit fund scam, West Bengal Chief Minister Mamata Banerjee on Friday said the agency should now take the responsibility of returning the money to the duped investors in the company. Addressing an election rally in Baharampur of Murshidabad district,...
  • Odisha welcomes SC ruling on chit fund scam May 9, 2014

    Political leaders and activists in Odisha on Friday welcomed the Supreme Court (SC) decision to handover the state's chit fund scam cases to the CBI for further investigation. "I dedicate this victory to the poor people who had invested money in these fraud companies in good faith," said activist Alok Jena,...
  • 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...