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
Were elements of the ruling party in West Bengal complicit in the chit fund scheme which swindled thousands of crores from hapless, poor people? Left economist Prasenjit Bose joined IBNLive readers for an interaction on the issue. Q. Who is responsible for this? Asked by: sridhar gutam A. hi sridhar, I think the main culpability lies with the party in power, i.e. the Trinamul Congress. this telegraph report is quite...
06:08 PM, Apr 25, 2013
New Delhi: Assam Health Minister Himanta Biswa Sharma on Thursday denied all allegations against him in the West Bengal chit fund scam and said that he was ready for a probe. Sharma had been named by Saradha group promoter Sudipta Sen in his 18-page letter to the CBI dated April 6. In his letter, Sudipta had mentioned Sharma as having received money from him. Assam Chief Minister Tarun Gogoi has...
04:36 PM, Apr 25, 2013
Kolkata: Saradha group promoter Sudipta Sen and two others officials of the group have been remanded to 14 days' police custody by a court in Kolkata. The three accused in the chit fund scam were produced in the court amidst protests by Congress as well as Trinamool Congress supporters. Sources say six trunks full of deeds mentioned in Sudipta Sen's letter to the CBI have been seized. Sen's cook Hemanta...
03:54 PM, Apr 25, 2013
New Delhi: Proceedings were washed out for the third consecutive day in Rajya Sabha as BJP created uproar on the coalgate issue demanding resignation of Prime Minister Manmohan Singh and dismissal of Law Minister Ashwani Kumar. Lok Sabha, which did not transact any business during the last two working days (Monday and Tuesday) on the coal block allocation and 2G spectrum issues, was adjourned for the day on Thursday as...
03:38 PM, Apr 25, 2013
Kolkata: A Congress link to West Bengal's Saradha chit fund scam has surfaced. CNN-IBN has accessed a letter written by Congress MP from Malda and Union Minister of State Abu Haseem Khan Chowdhury to Prime Minister Manmohan Singh where he shields the Saradha group. In the letter dated March 15, 2012, Chowdhury has withdrawn his complaint of September 2011 against Saradha Realty and has defended the company. Chowdhury urged the...
03:23 PM, Apr 25, 2013
Kolkata: As lakhs of investors affected by the chit fund scam demand refund, West Bengal Chief Minister Mamata Banerjee has decided to increase tax on cigarettes by 10 per cent to help them. She said smoking more won't harm, but help investors. "We have decided to increase the tax on cigarettes by 10 per cent in order to raise money for the Saradha Relief Fund. It wouldn't harm if you...
01:57 PM, Apr 25, 2013
New Delhi: Finance Minister P Chidambaram's wife Nalini Chidambaram was engaged as a senior advocate to appear on behalf of Manoranjana Sinh and her husband and a Narasimha Rao government minister Matang Sinh in a company petition filed by her before the company law board against M/4 Positive TV Ltd, sources close to the Union Minister's wife have said. The case is still pending before the Company Law Board. Sources...
01:35 PM, Apr 25, 2013
New Delhi: The Corporate Affairs Ministry has decided to order a probe into Saradha Group companies amid growing controversy over the Kolkata-based entity allegedly duping thousands of investors. Corporate Affairs Minister Sachin Pilot along with senior Ministry officials would on Thursday hold a meeting to look into the functioning of various chit funds including issues related to Saradha group companies. A senior official said the Ministry is likely to order...
12:36 PM, Apr 25, 2013
Kolkata: Saradha group promoter and the main accused in the West Bengal chit fund scam Sudipta Sen who was brought to Kolkata late on Wednesday night on a 4-day transit remand was produced in court on Thursday along with two others arrested from Sonmarg in Jammu and Kashmir on Tuesday. There were protests by Congress and Trinamool Congress members outside the court. Sources say the police are likely to ask...
12:20 PM, Apr 25, 2013
New Delhi: Rajya Sabha was on Thursday was adjourned till noon after opposition BJP and UPA ally SP created ruckus in the House over separate issues. While BJP persisted with its demand for resignation of Prime Minister Manmohan Singh over the coalgate scam, SP members trooped into the well raising the issue of Chinese incursion. Hardly had Chairman Hamid Ansari called the House to order, BJP, SP and Left members...
12:00 PM, Apr 25, 2013
Kolkata: The West Bengal chit fund scam is snowballing into a major case with Saradha group promoter Sudipta Sen's letter mentioning several high profile names including that of top Trinamool Congress politicians, lawyers and journalists. The letter also mentions the lawyer wife of a union minister who was the lawyer for a deal between Sudipta Sen and the Narasimha Rao government minister Matang Sinh and his wife Manoranjana Sinh to...
11:20 AM, Apr 25, 2013
