Kolkata: In more embarrassment for the Mamata Banerjee government, another letter written by Trinamool Congress MP Tapas Paul has surfaced which 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. CNN-IBN has accessed a copy of the letter written by Paul to then...
06:31 PM, Apr 24, 2013
Kolkata: The Trinamool Congress, under fire from the Congress and the Left over the West Bengal chit fund scam, has said that it had no role to play in it. Party leader Saugata Roy said, "The TMC as a party is not involved in the scam. This has been done by a scamster. I have no knowledge of any personal connection between the TMC and the Saradha group." He, however,...
05:54 PM, Apr 24, 2013
Kolkata: CNN-IBN has accessed West Bengal chit fund scam accused Saradha group promoter Sudipta Sen's letter to the Central Bureau of Investigation (CBI) dated April 6. Sen's letter to the CBI names top politicians, journalists, lawyers as having benefited from his company. Sen, in his letter, alleges that he forayed into the media business because he initially came under vicious attack from Bengal's Pratidin newspaper represented by TMC MP Kunal...
04:01 PM, Apr 24, 2013
In an interview with IBN18 Editor-in-Chief Rajdeep Sardesai, Trinamool Congress MP Srinjoy Bose denied claims made by Saradha group Chairman Sudipta Sen that he was blackmailed by TMC MPs. ...
03:55 PM, Apr 24, 2013
Kolkata: The West Bengal government has cracked down on the Saradha group in the chit fund scam. The Mamata Banerjee government has frozen about 35 bank accounts belonging to the Saradha group, while 36 cars belonging to Saradha Chairman Sudipta Sen and his company have been seized. Four office buildings in and around Kolkata belonging to the Saradha group have also been seized along with hundreds of land documents. The...
02:48 PM, Apr 24, 2013
Kolkata: The Trinamool Congress is on the defensive after the alleged West Bengal chit fund scam kingpin and Saradha Group CMD, Sudipta Sen, claimed he was blackmailed by the party's leaders. But TMC MP Srinjoy Bose denied the allegations and said his company's tie-up with Saradha group was a completely professional one. "Our group had a professional tie-up with Saradha group's TV channel. It was a purely professional relation," Srinjoy...
12:06 PM, Apr 24, 2013
Kolkata: Explosive revelations could embarrass the Trinamool Congress in the chit fund scam. National daily The Indian Express has reported that the Saradha Group CMD has sent an 18-page letter to the Central Bureau of Investigation. The letter contains the names of several key politicians, officials and legal experts who allegedly milked the company for money. The letter could reveal a nexus between politicians and the chit fund industry. The...
11:15 AM, Apr 24, 2013
The Chairman of the group, Sudipta Sen, was on Tuesday arrested in Jammu and Kashmir along with two others. ...
10:59 AM, Apr 24, 2013
Kolkata: West Bengal Chief Minister Mamata Bannerjee is in damage control mode as the Saradha chit fund scam threatens to embarrass her government further. Mamata has promised action if any of its leaders are involved in the scam. "Mamata Banerjee has said that anybody found culpable will be acted against," Trinamool Congress leader Saugata Roy said. The Chairman of the group, Sudipta Sen, has been arrested in Jammu and Kashmir...
08:10 AM, Apr 24, 2013
Dehradun: Claiming that development has gained pace in Uttarakhand over the past few months, Union Minister Harish Rawat on Tuesday exuded confidence about the ruling Congress's impressive victory in the civic body polls in the state slated for April 28, 2013. "Development oriented decisions taken by the state government over the last few months are bound to play a big role in ensuring the Congress' thumping victory in the forthcoming...
03:13 AM, Apr 24, 2013
Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. ...
11:45 PM, Apr 23, 2013
Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. ...
11:30 PM, Apr 23, 2013
Catch the day's top stories on India @ 9 with Rajdeep Sardesai. ...
11:16 PM, Apr 23, 2013
New Delhi: The Securities and Exchange Board of India (SEBI) on Tuesday ordered Saradha Realty India and its MD Sudipta Sen, accused in the West Bengal chit fund scam, to wind up all its collective investment schemes and refund money to the investors within three months. The SEBI order said that Saradha Realty and its chief were barred from the securities market till all the money was refunded to the...
10:24 PM, Apr 23, 2013
The Saradha chit fund scam has left hundreds of investors and agents in the lurch in West Bengal. ...
10:02 PM, Apr 23, 2013
Three people were arrested on Tuesday in Jammu and Kashmir in connection with the West Bengal chit fund scam. ...
09:57 PM, Apr 23, 2013
Kolkata: The properties of West Bengal chit fund scam accused, Saradha group promoter Sudipta Sen have been seized, the state police said on Tuesday. Arnab Ghosh, ADC, Detective Department, told reporters that the West Bengal Police had kept a track on Sen's movements since the case came to light. "We have arrested Arvind Singh Chouhan, Sudipta Sen and Debjani Mukherjee from Sonmarg in Ganderbal district of Jammu and Kashmir. We...
08:12 PM, Apr 23, 2013
SEBI chief UK Sinha said people have tendency to invest in schemes of fast money making. ...
07:12 PM, Apr 23, 2013
Three people, including the promoter of the Saradha group, Sudipta Sen, were arrested in Sonmarg, Jammu and Kashmir on Tuesday. ...
06:59 PM, Apr 23, 2013
Three accused in the West Bengal chit fund scam were arrested from Sonmarg in Jammu and Kashmir on Tuesday. ...
06:54 PM, Apr 23, 2013
