Trinamool Congress Rajya Sabha MP Kunal Ghosh, one of the two accused of blackmailing Saradha group promoter Sudipta Sen, has offered to resign if he is told to do so. He also wrote a letter (in Bengali) to West Bengal Chief Minister Mamata Banerjee that has been displayed on the party website. Following is the English translation of the letter: To Mamata Banerjee, All India Trinamool Congress Respected leader, I...
01:55 PM, Apr 27, 2013
Kolkata: The West Bengal chit fund disaster is continuing to embarrass the ruling Trinamool Congress government. But the party is trying to minimise the damage by trying to distance itself from the mess. Trinamool Rajya Sabha MP Kunal Ghosh, one of the two accused of blackmailing Saradha group promoter Sudipta Sen, has offered to resign if he is told to do so. He also wrote a letter (in Bengali) to...
12:25 PM, Apr 27, 2013
Kolkata: Debjani Mukherjee, who went from being a receptionist in the Saradha group to becoming an executive director, has now been arrested for defrauding investors. Her story is a fairy tale that ended badly. Debjani Mukherjee is known as 'Madam' by the employees of the Saradha group. She is a mystery woman whose rise up the corporate ladder was staggering - from a receptionist to the executive director of the...
10:08 AM, Apr 27, 2013
Rose Valley's chairman Goutam Kundu wrote to West Bengal CM Mamata Banerjee on April 23 seeking protection from the administration. He claimed in his letter that his group had assets worth Rs 10,000 crore, and the money collected from depositors was safe in his hands. ...
11:53 PM, Apr 26, 2013
Kolkata: Trinamool Congress MP Kunal Ghosh on Friday offered to resign from Rajya Sabha if charges against him in the West Bengal chit fund scam were proved. In a letter to Chief Minister Mamata Banerjee, Ghosh wrote, "If it's proved that I am related to the money market schemes of Saradha, I am willing to resign from Rajya Sabha." Kunal Ghosh's name cropped up in the scam after a letter...
09:50 PM, Apr 26, 2013
Kolkata: An FIR has been filed against Trinamool Congress Rajya Sabha MP Kunal Ghosh, Saradha Group chairman Sudipta Sen and six others for non-payment of salaries to employees of a television channel run by the chit fund company. The FIR was filed on Thursday night at the Park Street police station by 21 employees of Channel 10 stating that they were not paid salaries by the company which also did...
08:52 PM, Apr 26, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee on Friday vowed not to rest till money was repaid to the thousands defrauded allegedly by the Saradha Group and said that a new law was being brought to protect the interests of investors. "I am happy that a new law is coming. However, I will not be happy till we are able to return the money to investors," Mamata said, adding that...
08:01 PM, Apr 26, 2013
New Delhi: The SFIO probe ordered by the government into illegal money-pooling activities of various entities would initially focus on 57 companies, most of which are in West Bengal, Odisha, Bihar and Assam. The Special Task Force under the Serious Fraud Investigation Office (SFIO) would begin its probe with a total of 57 companies, but the ambit could be expanded as the investigation process moves ahead, sources said. Most of...
05:30 PM, Apr 26, 2013
Washington: Acclaimed Indian director Mira Nair is hopeful that her new thriller 'The Reluctant Fundamentalist' would spur a dialogue between two worlds depicted in it particularly in the context of the Boston Marathon bombings. Based on the novel of the same name by Pakistani writer Mohsin Hamid, the film tells the story of two conflicting ideologies - the 'fundamentalism' of the capitalists and that of the terrorists - through a...
04:30 PM, Apr 26, 2013
Trinamool Congress MP Tapas Paul had pointed towards the inaction over rising chit fund scams in West Bengal. In the letter dated 2010, the Trinamool Congress MP had asked the Centre to control the growth of ponzi schemes in the state. ...
02:50 PM, Apr 26, 2013
New Delhi: Amid a raging controversy over alleged cheating of gullible investors by Saradha group, the regulators have found that West Bengal and Northeastern states have become a hotbed of such frauds and NRIs from these regions account for a large chunk of defrauded people. While the Centre has announced an SFIO (Serious Fraud Investigation Office) probe into the affairs of Kolkata-based Saradha group and other such entities across the...
01:54 PM, Apr 26, 2013
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
It isn't just the TMC but the Congress too that has to answer questions in the West Bengal chit fund controversy. ...
10:59 PM, Apr 25, 2013
It isn't just the TMC, but the Congress too that has to answer questions in the West Bengal chit fund controversy. ...
10:31 PM, Apr 25, 2013
The Assam Chief Minister, Tarun Gogoi, has hinted at a CBI probe into Saradha group promoter Sudipta Sen's allegations against his health minister. ...
10:21 PM, Apr 25, 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
