Jalpaiguri: A daily wage farm labourer on Monday allegedly attempted to commit suicide after losing money in Saradha chit fund scam. Sixteen-year-old Sahanur Rahman tried to end his life by drinking pesticide Monday morning at his home near here, the police said. He had invested Rs 75,000 with Saradha chit fund group after being lured by a promise of higher returns, sources said. He was in depression since the chit...
02:39 PM, May 13, 2013
Mumbai: Director Mira Nair will receive German Film Award for Peace, The Bridge 2013, for her movie 'The Reluctant Fundamentalist'. The 55-year-old will be honoured with the award on July 4 at Cuvillies Theatre, Munich for her outstanding film and direction, said a statement. The Prime Minister of Bavaria, the Bernhard Wicki Memorial Fund and the Umbrella Organization of the German Film Industry will also be the part of the...
01:40 PM, May 12, 2013
Chakdah: Seeking to turn the tables on the Marxists for demanding CBI probe in the chit fund scam, Trinamool Congress leader Mukul Roy on Saturday night alleged that most of the chit funds came up during the Left front regime. "If the investigations start now, many CPI(M) leaders may come under net. The CPI(M) is demanding CBI inquiry to actually delay the probe process," the former union minister alleged at...
12:40 AM, May 12, 2013
Kolkata: Sudipta Sen's alleged aide Debjani Mukherjee, who was arrested in connection with the West Bengal chit fund scam, distanced herself from the Saradha Group chairman through a letter that was made public by her lawyers. Debjani in her letter, alleged that Sudipta masterminded the racket while she was merely a salaried employee who was manipulated. She also blamed the media for misrepresenting her relationship with Sudipta. Mamata government has...
05:22 PM, May 11, 2013
CNN-IBN had exposed how 40 financial companies in Odisha had duped investors of more than Rs 20,000 crore. ...
03:18 PM, May 11, 2013
Doswell: Boston Marathon bombing suspect Tamerlan Tsarnaev has been buried in a cemetery in central Virginia, infuriating some members of the area's Islamic community who say they weren't consulted and flooring at least one neighbor who said she didn't even know she lived near a burial ground. The secret interment this week at a small Islamic cemetery ended a frustrating search for a community willing to take the body, which...
07:35 AM, May 11, 2013
Kolkata: Chit fund aided Saradha Group promoter Sudipta Sen's close aide Debjani Mukherjee on Friday claimed she was only a "trustworthy employee" of Sen and that she was sacked for raising her voice against the company's fund collection method. "When I found out that my boss was doing business in a way that was against my principles, I started raising my voice against him. Not considering my dedication towards the...
05:40 AM, May 11, 2013
Bhubaneswar: In a major crackdown on chit fund companies and other non-banking financial institutions, Odisha Police on Friday launched statewide raids and arrested as many as 110 people involved in the trade. "Our sleuths raided 185 places and 97 cases have been registered. This is for the first time that a statewide raid is conducted on a single day," said Additional Director General (ADG), Crime Branch, BK Sharma. Stating that...
03:09 AM, May 11, 2013
Kolkata: The Saradha Group chit fund fiasco has inspired a new movie in West Bengal. Tollywood has drawn inspiration from the Saradha Group collapse. All eyes are now on the latest release, 'Kagojer Nouka' or 'The Paper Boat', which metaphorically means an object that doesn't stay afloat for a long time. Incidentally, the film stars Dadasaheb Phalke-winner Soumitra Chatterjee playing the character of the prototype of Saradha boss and scamster...
09:14 AM, May 10, 2013
New Delhi: The Left parties on Thursday sought a court-monitored CBI probe into the West Bengal chit fund scam and accused the Trinamool Congress-led government of not intervening to check activities of companies with suspicious financial dealings in the state. Senior leaders of Communist Party of India-Marxist, the Communist Party of India, the Revolutionary Socialist Party and Forward Bloc met President Pranab Mukherjee and Prime Minister Manmohan Singh separately and...
03:25 AM, May 10, 2013
Kolkata: The Congress on Thursday ridiculed West Bengal Chief Minister Mamata Banerjee for "campaigning against the CBI", claiming that she was doing so to prevent the truth from coming out in the Saradha Group chit fund scam. "A chief minister should not campaign against a central investigating agency. It is ridiculous for her to do so," state Congress president Pradip Bhattacharya said referring to a Mamata post on a social...
02:46 AM, May 10, 2013
Kolkata: Accusing the Left of failing to protect investors in ponzi schemes during its prolonged rule in West Bengal, the Trinamool Congress on Thursday hit back after Left leaders met the Prime Minister and Finance Minister seeking a CBI probe into the chit fund scam. "Who are asking for a CBI probe today? It is those who were unable to pass an effective bill to rein in chit fund companies...
06:47 PM, May 09, 2013
Kolkata: Chit fund company Saradha group's chief Sudipta Sen was on Thursday sent to 9-day police custody, along with two of his close aides - Debjani Mukherjee and Arvind Singh Chouhan. The Bidhan Nagar police had sought a 14-day extension of their custody. The Saradha group allegedly duped lakhs of investors in a chit fund scheme. The police have unearthed 254 bank accounts and close to 200 properties of the...
04:46 PM, May 09, 2013
Kolkata: Saradha Group chairman Sudipta Sen and his close aide Debjani Mukherjee were produced in a court on Thursday as their 14-day custody ended. Sources said police were likely to add two more charges as fresh FIRs have been registered against them on the basis of the new complaints filed by the investors. The police were also likely to ask for their custody for two more weeks. "The 14 days...
12:17 PM, May 09, 2013
Milan: A Milan appeals court upheld a four-year sentence for tax fraud against former prime minister and centre-right leader Silvio Berlusconi on Wednesday, adding to the complications facing Italy's fragile coalition government. In addition to the jail sentence for tax fraud in connection with the purchase of broadcasting rights by his television network Mediaset, the court's ruling would also bar Berlusconi from holding public office for five years. However, neither...
07:40 AM, May 09, 2013
Kolkata: West Bengal is planning to start a social security scheme for depositors and investors to ensure proper return of public money following the Saradha chit fund mess, Chief Minister Mamata Banerjee said in Kolkata on Wednesday. "In the wake of growing financial insecurity, we are thinking of a social security scheme. It will ensure proper safety of public money and ensure safe and proper return. We will shortly put...
05:20 AM, May 09, 2013
Gaya: Highlighting initiatives undertaken by his government, Bihar Chief Minister Nitish Kumar on Wednesday said the pace of progress could be understood from the almost ten-fold increase in funds spent on development in the state. "Prior to the NDA rule not even Rs 3,000 crore were spent on developmental works in Bihar. The amount has now risen to Rs 26,000 crore in fiscal 2012-13," Kumar said in Gaya. He said...
12:43 AM, May 09, 2013
Islamabad: A white tiger being used by the PML-N in its election campaign in Pakistan, died on because of prolonged exposure to heat, according to media reports on Wednesday. The white tiger had been spotted at rallies addressed by Maryam Nawaz, the daughter of PML-N chief Nawaz Sharif. The tiger was brought unconscious to the University of Veterinary and Animal Sciences in Lahore on Tuesday evening. Veterinarians there tried to...
11:27 PM, May 08, 2013
New Delhi: Claiming that names of top political persons are surfacing in the chit fund scam in West Bengal, a CPI (M) member on Wednesday sought a CBI enquiry into unregulated money raising activities in the wake of Saradha Group allegedly defrauding investors of their money. Prasanta Chatterjee, a CPI-M MP, demanded a CBI probe into the issue through a Special Mention in the Rajya Sabha. "... since many poor...
08:20 PM, May 08, 2013
Kendrapara: A manager of a chit fund was arrested from here even as reports of fraud by bogus non-banking financial companies trickled in from various pockets of Kendrapara and Jagatsinghpur district of Odisha. After DP finance, another chit fund Artha Tatwa (AT) has disappeared cheating investors in Kujang (Jagatsinghpur) and Pattamundai (Kendrapara) to a tune of Rs 20 crore, police said. "Madan Mohan Swain, branch manager of Golden Lion (a...
05:55 PM, May 08, 2013
