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
Kolkata: The West Bengal government has sealed the offices of MPS group, a business house that has an estimated liability of Rs 17,000 crore and is under the scanner of the Securities and Exchange Board of India (SEBI). The crackdown comes after the collapse of Saradha group's chit fund business in April, which affected thousands of depositors. Panicking depositors and agents protested outside the MPS group's office at Lake Town...
09:58 AM, May 05, 2013
Kolkata: Continuing her tirade against the CPI(M) and the Congress over the Saradha chit fund scam, West Bengal Chief Minister Mamata Banerjee on Friday said that the two parties had a lot to answer for and asked partymen to counter the allegations vigorously. "They (CPI-M) are merrily calling everyone chit fund thief. They themselves have to do some very serious answering about their dubious role during their regime," Banerjee was...
03:29 AM, May 04, 2013
Balasore: The Economic Offence Wing (EOW) of Crime Branch of Odisha Police on Friday broke open the office of the Saradha Group in Balasore and seized certain documents relating to alleged duping of gullible investors in the district. The officials of the EOW with the help of the local police and in presence of a magistrate broke open the doors of Saradha Group's main office at Fakir Mohan Gole, the...
03:02 AM, May 04, 2013
Kolkata: Attacking the opposition over its demand for a CBI probe in the chit fund muddle, West Bengal Chief Minister Mamata Banerjee on Thursday accused the central government of inaction against the burgeoning 'ponzi' firms. "Those who are clamouring for CBI inquiry, I want to ask them why the central organisations like the SEBI and the RBI never took steps against the chit funds. These organisations are the one who...
06:09 AM, May 03, 2013
Kolkata: The toll in the chit fund bust rose to five in West Bengal on Thursday with an agent of a chit fund company allegedly committing suicide by consuming poison at her home in Murshidabad district's Salar. Family members of 28-year-old Pratima Das said she took the extreme step unable to return the money she had collected for the scheme from the depositors. Das was crestfallen after she returned from...
11:20 PM, May 02, 2013
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
