Bhubaneswar: Continuing its action against chit fund companies and others duping investors, police on Saturday sealed the corporate office of Seashore Group and took Artha Tatwa group chief Pradip Sethi to its custody for four days. The Crime Branch failed to arrest Seashore Group chief Prashant Das, who obtained an anticipatory bail from the Orissa High Court, but sealed its corporate office and seized certain documents and computers, said Crime Branch DIG Rajesh Kumar, who is looking after the economic offence wing.
The company, according to an official estimation, raised about Rs 900 crore from Odisha market by luring investors with interest of about 24 per cent. The Crime Branch of police have meanwhile written the Register of Companies to cancel licence of Seashore Group.
Meanwhile, police took Artha Tatwa chief Pradip Sethi to its custody till May 22. Sethi's police remand was significant as he had allegedly given bribe to certain politicians in the state in order to operate his business smoothly.
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10:13 PM, May 18, 2013
Kolkata: West Bengal's Mamata Banerjee led government on Thursday released a performance report, claiming the state has clocked a growth rate higher than that of the overall country during the nearly two years it has been in power. The performance report showcasing the achievements of the state government was released at the state secretariat, four days before the regime completes two years in office. Making public the report titled "Powering...
11:35 PM, May 16, 2013
Bhubaneswar: After nabbing over 160 people across Odisha on charges of running or helping illegal money laundering, the Economic Offence Wing (EOW) of the Crime Branch (CB), arrested two employees of Saradha Group on Thursday. The EOW took Basudev Samal and BN Das into custody on charge of helping Saradha Group chief to cheat gullible investors in Balasore district. While Samal was working as the branch manager of Saradha group's...
10:28 PM, May 16, 2013
Kolkata: Observing that "time has not come" for a Central Bureau of Investigation (CBI) probe into the Saradha chit fund scam, the Calcutta High Court on Thursday refused to accept a plea in this regard but said it will consider it after fully hearing the matter. A bench of Justices AK Banerjee and MK Chowdhury, which on Thursday started hearing afresh a set of public interest litigations seeking a CBI...
07:55 PM, May 16, 2013
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
Patna: Bihar police on Sunday raided offices of over a dozen chitfund companies on the outskirts of state capital and arrested 11 persons from whom Rs 8 lakh was seized. On a tip off about activities of chitfund companies in Bakhtiyarpur, Barh and Mokama areas of rural Patna, a special team was formed which conducted raids in their offices, a release from the office of Senior Superintendent of Police said....
12:57 AM, Apr 29, 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
Sreesanth was not in the wickets majorly, but Sandeep Warrier and Unnikrishnan Manukrishan combined to down Tripura. ...
04:14 PM, Dec 18, 2012
Catch the updates from Round 6 of all Ranji Trophy matches happening across the country. ...
09:46 AM, Dec 10, 2012
Catch the updates from Round 6 of all Ranji Trophy matches happening across the country. ...
08:17 AM, Dec 09, 2012
Services' skipper lead from the front and slammed a brilliant century to take his team to 284 for 4. ...
09:30 PM, Dec 08, 2012
Parvinder Awana takes 5 for 81 as Delhi bowl out Karnataka for 192 runs. ...
10:15 AM, Dec 08, 2012
The ICC has released the schedule and format of the tournament to be held in Mumbai from January 31 to February 17. ...
05:27 PM, Dec 03, 2012
J&K took a vital 158-run first innings lead against Assam. ...
06:45 PM, Dec 02, 2012
A preview of the Group C matches in round five of the 2012-13 Ranji Trophy season that starts December 1. ...
03:46 PM, Nov 30, 2012
Assam closed in on Kerala's first-innings total of 264 after offspinner Arlen Konwar shone with a five-wicket haul. ...
06:39 PM, Nov 18, 2012
A 138-run opening stand put Himachal Pradesh on the way towards a first-innings lead, Parvez Rassol missed a double-century in Goa and Andhra were 154 for 0...
07:01 PM, Nov 10, 2012
Jharkhand became the first team this Ranji Trophy season to take all seven points with an innings-and-31-run win over Jammu & Kashmir on Sunday. ...
05:47 PM, Nov 04, 2012
Meanwhile, a century to Paras Dogra allowed Himachal Pradesh to push for an outright win against Kerala with a lead of 21 with six wickets remaining at stumps. ...
06:41 PM, Nov 03, 2012
Zimbabwe look like being no match for hosts Sri Lanka and the No. 1 Twenty20 team, South Africa. ...
08:28 AM, Sep 17, 2012
