Kolkata: Under attack over the Saradha scam, Trinamool Congress supremo and Chief Minister Mamata Banerjee on Thursday said she will not spare anyone including those in her party if found guilty. "For the past few days concocted and salacious canards are being spread against me and my party MPs, MLAs, councillors and even some family members," Banerjee told a party rally at Shyambazar in North Kolkata. "Don't link the names...
10:30 AM, May 02, 2013
Kolkata: In a bid to prevent the Opposition from cashing in on the Saradha chitfund scam, West Bengal Chief Minister Mamata Banerjee will hit the streets on Thursday to shift the blame to her predecessors and project the action taken by her government against the 'legacy' of '70s and '80s. "The chit funds are a legacy of Bengal from the 70's and 80's. For all these years, CPI(M) and Congress...
10:12 AM, May 02, 2013
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11:29 PM, May 01, 2013
New Delhi: IMF has projected 5.8 per cent economic growth for India in this fiscal 2013-14 and said pace of investment in infrastructure should increase to get back to 8 per cent expansion level. "We are forecasting India to grow at about 5.8 per cent this fiscal (2013-14) and 6.3 per cent in 2014-15. This compares to an average growth rate of 8.7 per cent for the five years prior...
08:55 PM, May 01, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday held a meeting with her colleagues and senior officials on the issue of Saradha group fiasco. The meeting came a day ahead of the state government's scheduled filing of an affidavit before the Calcutta High Court on steps taken against the Saradha Group. The meeting, which continued for over an hour at the state secretariat, was attended by Finance Minister Amit...
08:32 PM, May 01, 2013
Kolkata: The probe in the West Bengal chit fund case has widened its ambit to the previous Left government. On Wednesday, the police questioned the top aides of two former Left ministers. Sources said that the police questioned Anjan Bhattacharya, the assistant of former Housing Minister Gautam Deb and Ganesh Dey, the CA of former Finance Minister Asim Dasgupta. Sources said that the police were looking if illegal pay-offs were...
07:54 PM, May 01, 2013
Kolkata: Seeking to prevent the opposition from cashing in on the Saradha chitfund scam, West Bengal Chief Minister Mamata Banerjee will hit the streets on Thursday to shift the blame to her predecessors and project the action taken by her government against the 'legacy' of '70s and '80s. "The chitfunds are a legacy of Bengal from the 70's and 80's. For all these years, CPI(M) and Congress turned the other...
06:58 PM, May 01, 2013
Bhubaneswar: A scam as big as the chit fund fraud in West Bengal has been exposed, but this time it is in Odisha. A CNN-IBN exclusive shows how fraudulent investment companies are duping investors in the state. Investors have been swindled off nearly Rs 20,000 crore by 40 finance companies in Odisha. Seashore Group, one of the companies being probed by Odisha police, has duped over 80,000 investors and collected...
06:38 PM, May 01, 2013
New Delhi: With lakhs of investors believed to have been defrauded by Ponzi schemes in West Bengal, Securities and Exchange Board of India (SEBI) chairman UK Sinha on Wednesday said there should be a single regulator for all collective investment schemes, including chit funds. "Within the powers given to us, SEBI is working extremely hard to ensure that savings of small investors are not put to risk," he added. Sinha,...
12:28 PM, May 01, 2013
Kolkata: As the West Bengal government continues to face the criticism of the Opposition over the chit-fund scam, Chief Minister Mamata Banerjee has ordered closure of two fund-raising companies. "We have given instructions to close the two companies in 24 hours and we are keeping an eye on other such companies," the Chief Minister told reporters on Tuesday in the Assembly lobby after her speech in the House during the...
10:04 AM, May 01, 2013
Kolkata: The Bidhannagar Police on Tuesday called tea trading firm owner Sajan Agarwal for questioning in the West Bengal chit fund scam case. Saradha chief Sudipta Sen had named Agarwal as the conduit through which key players in Delhi were paid off. Meanwhile, Chief Minister Mamata Banerjee on Tuesday started sealing offices of two chit fund companies in Entally, Dalhousie and Behala areas of Kolkata. She had said in the...
11:20 PM, Apr 30, 2013
Bhubaneswar: A day after the state government giving the go-ahead, the Economic Offence Wing (EOW) of Crime branch of Odisha Police on Tuesday registered a criminal case against the Saradha Group which allegedly duped gullible investors in Balasore and Puri districts. A team of the EOW on Tuesday rushed to Balasore and recorded statements of certain depositors at the district police headquarters in the Northen Odisha town. "We have registered...
10:55 PM, Apr 30, 2013
Kolkata: Police sources on Tuesday indicated that more politicians apart from Trinamool Congress MP Kunal Ghosh will be questioned in connection with the West Bengal chit fund scam. This would be done to probe if there is any proof of money exchanging hands amongst lobbyists and political leaders who assured Saradha promoter Sudipta Sen of political protection, the sources said. The sources added that the police was seeking the help...
08:50 PM, Apr 30, 2013
Kolkata: In a fallout of the Saradha chit fund scam in West Bengal, the state Assembly on Tuesday passed a new bill on protecting investor interests in chit fund companies. The Bill was passed with minor amendments in a special session of the Assembly. However, there was no amendment in the most controversial portions of the Bill, namely the definition of Competent Authority (clause 8) and Section 22 (2) which...
06:03 PM, Apr 30, 2013
New Delhi: World Bank on Tuesday scaled down India's growth forecast to 6.1 per cent for the current fiscal from 7 per cent projected six months ago. The decline in the growth forecast is largely due to the decline in agriculture sector which is expected to grow at 2 per cent during 2013-14 against the previous estimate of 2.7 per cent despite normal monsoon projection. However, the multi-lateral funding agency...
01:39 PM, Apr 30, 2013
Kolkata: Under massive pressure over the chit fund scam, West Bengal will on Tuesday enact a new law to deal with companies that take public deposits. But it is based on an old draft that has been withdrawn and its critics say it will do more harm than good. The draft circulated among West Bengal's lawmakers on Saturday shows it to be more or less a copy of an old...
10:20 AM, Apr 30, 2013
Kolkata: The police questioned Trinamool Congress MP Kunal Ghosh for 90 minutes regarding his involvement in the multi-crore West Bengal chit fund scam on Monday. Sources say Ghosh was asked about his position in the company, his deal with Saradha Group promoter Sudipta Sen on Channel 10 and whether he had anything to do with the financial aspect of the company. Police sources say all those from Bengal who have...
09:45 AM, Apr 30, 2013
Bhubaneswar: With investors hitting the streets across Odisha demanding return of their deposits with Saradha Group, the state government on Monday asked the police crime branch to take up the matter with their West Bengal counterparts. The government also instructed the police to take help of RBI and SEBI to nail the ponzy scheme outfits. "The Economic Offence Wing (EOW) of the crime branch of police will take up the...
02:19 AM, Apr 30, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee's nephew Abhishek Banerjee would sue senior CPI-M leader Gautam Deb for alleging that he has amassed fortune worth Rs 300 crore and was into the chit fund business, the Trinamool Congress said on Monday. A day after Deb made the claims at a Communist Party of India-Marxist (CPI-M) rally by naming Banerjee's company Leaps and Bounds, the Trinamool termed the allegations as "slanderous...
10:50 PM, Apr 29, 2013
India on Monday formally asked Pakistan to release Sarabjit Singh, the death row convict, whose condition remains critical after he was brutally assaulted in a Pakistani jail. ...
09:48 PM, Apr 29, 2013
