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
Kolkata/Srinagar: Three people, including the promoter of Saradha group, Sudipta Sen, were arrested in Sonmarg, Jammu and Kashmir on Tuesday in connection with the West Bengal chit fund scam. The three people were reportedly on their way from Srinagar to Sonmarg when they were intercepted by the Jammu and Kashmir Police. While a close aide of Sen, Debjani Mukherjee was the second person arrested, the third person, sources say is...
05:34 PM, Apr 23, 2013
New Delhi: 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. Sources said that Sebi began the latest round of investigation after certain complaints...
01:42 PM, Apr 23, 2013
Kolkata: The West Bengal government has stepped in for damage control after chit fund company Saradha Group went bust reviving memories of the collapse of Sanchayita Investments in the early eighties when several investors and agents committed suicide. Sanchayita collected more than Rs 120 crore in 1980 before its offices were raided and it folded up with only a handful of people getting back a minuscule amount of money. Two...
01:07 PM, Apr 23, 2013
Kolkata: There was another suicide bid by a Saradha Group agent hit by the chit fund scam in West Bengal. Twenty-eight-year old Tapasi Singha tried to commit suicide by consuming sleeping pills. She had a liability of Rs 5,30,000. Tapasi and her husband Sri Nandan Singha were agents of Saradha realty. She has been admitted in Jangipur Sub Divisional Hospital. As lakhs of investors in West Bengal lose their savings...
12:47 PM, Apr 23, 2013
Kolkata: As lakhs of investors in West Bengal lose their savings in a chit fund scam following the collapse of the Saradha Group, Chief Minister Mamata Banerjee has been shifting the blame on the Left. This even as heat builds on Trinamool Congress MP Kunal Ghosh who headed Saradha group's media unit. But he claims it was a while back when he was working as a journalist. Advocate Basabi Roy...
10:46 AM, Apr 23, 2013
Kolkata: With her government drawing flak after the Saradha Group downed shutters, West Bengal Chief Minister Mamata Banerjee on Monday blamed the erstwhile Left Front regime for the mushrooming of chit funds, alleging it had not even acted on presidential advice for a strong legislation to contain the menace. Breaking her silence on the issue days after the firm went bust, affecting lakhs of agents and distributors who had parked...
05:38 AM, Apr 23, 2013
