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
Kolkata: A Mercedes car being used by the son of Saradha Group chairman Sudipta Sen was seized on Tuesday by police. The car having a Haryana registration number and valued at over Rs 1 crore was seized from where it was parked at Deshopriya Park in south Kolkata, police said. Sen and his group director and confidante Debjani Mukherjee are in 14-day police custody for the chit fund scam. Saradhu...
11:40 PM, May 07, 2013
Kolkata: Illegal finance schemes continued to claim lives in West Bengal on Tuesday. Yet another agent of yet another illegal deposits-taking company killed himself after being heckled by investors in the Self Trust Enterprises Ltd. Self Trust Enterprises went under in April. Mrinal Monal of North 24 Paraganas who was its agent, lost around Rs 35 lakh of the investors' money. On Monday, the father of an agent of a...
04:51 PM, May 07, 2013
Kolkata: The CBI on Tuesday filed an affidavit in Calcutta High Court stating that it is ready to take up investigation into the Saradha chit fund scam if directed by the court. The investigative agency stated that the court must also direct the West Bengal government and all other State governments concerned to provide all necessary logistical support to them in case the court directs the CBI to take up...
02:32 PM, May 07, 2013
Investigations are on into the chit fund scam in West Bengal. There were thousands of crores of losses for those who can least afford it. ...
10:56 AM, May 07, 2013
Kolkata: The amount of property amassed by Sudipta Sen, the chairman of the Saradha Group, which has been accused of duping thousands of investors, will be made public by the police. "We are planning to make public the amount of money that Sen and his associate Debjani Mukherjee has made from ponzi schemes. We are waiting for a court order to do it," DC (DD) Bidhanagar City Police, Arnab Ghosh...
02:44 AM, May 07, 2013
Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch of Odisha Police on Monday registered second criminal case against Saradha Group chief Sudipto Sen on the charges of duping about 6,000 investors in Puri district, official sources said. The EOW personnel on Monday recorded statements of a number of investors from Puri town, Nimapara and Sakhigopal area before registering the case. Though a number of agents of Saradha Group...
10:58 PM, May 06, 2013
Kolkata: The wife of a chit fund company director on Monday filed an FIR seeking investigation into his death. According to the complainant, her husband was murdered by investors who mobbed him after he was unable to pay them back. Hello India chit fund director Jayanta Sarkar was found dead in Hooghly on Monday. Reports earlier alleged that he had committed suicide. Meanwhile, in another incident, the father of a...
07:51 PM, May 06, 2013
Kolkata: Two more people committed suicide in West Bengal on Monday over the chit fund scam case. In the first case, the father of a ponzi scheme agent committed suicide at Sodepur in North 24 Parganas. Sixty five-year-old Jagdish Roy was upset after his son who had a total liability of Rs 1 crore was heckled by investors at his house. His son Bidhan was an agent of Annexe group...
05:09 PM, May 06, 2013
Kolkata: Attacking West Bengal Chief Minister Mamata Banerjee, her predecessor and CPI-M leader Buddhadeb Bhattacharjee on Sunday termed as "lies" her statement that she knew nothing about the chit fund scam before the Bengali New Year day. "New she says I did not know anything before Polia Baishakh (April 15-Bengali New Year's Day). For some people, lying is a habit. She knew everything. Her government has admitted that in an...
05:34 AM, May 06, 2013
Kolkata: The manager of Saradha Group's Raniganj branch office was arrested on Sunday. Two of the company's offices in Birbhum in West Bengal were also sealed and computers, certificates and bonds worth Rs 23,000 were seized. This after an investor lodged a complaint against the company. The Economic Offence Wing of Crime Branch of Odisha Police on Saturday also sealed office of Saradha Group at Balasore. A team of the...
04:20 PM, May 05, 2013
