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
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: 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
As lakhs of investors in West Bengal lose their savings in a chit fund scam following the collapse of the Saradha Group, the state government on Monday formed a special investigation team (SIT) and instituted a high-level inquiry into chit fund companies operating in the state. ...
11:55 PM, Apr 22, 2013
New Delhi: All the six activists of the Students Federation of India (SFI), who were arrested on Monday for allegedly heckling West Bengal Chief Minister Mamata Banerjee and state Finance Minister Amit Mitra outside the Planning Commission office in Delhi earlier in April, have been granted bail on Rs 5000 personal bong and surety. Those arrested included SFI General Secretary Ritabrata Bandhopadhyay, Delhi CPI(M) Secretary PMS Grewal, Delhi State Committee...
05:08 PM, Apr 22, 2013
Kolkata: As lakhs of investors in West Bengal lose their savings in a chit fund scam following the collapse of the Saradha Group, the state government on Monday formed a special investigation team (SIT) and instituted a high-level inquiry into chit fund companies operating in the state. Earlier, the Chief Minister of the state Mamata Banerjee on Monday accused the Centre and the Left of trying to defame her by...
04:44 PM, Apr 22, 2013
New Delhi: The Calcutta High Court on Monday granted leave to file a PIL in the West Bengal chit fund scam. The PIL sought a CBI enquiry into the scam and compensation to the depositors, also alleging vicarious liability by the government. The PIL said it was the duty of the state and the central government to pay compensation to the depositor and also to fix the responsibility of the...
12:32 PM, Apr 22, 2013
New Delhi: The Delhi Police on Monday arrested the General Secretary of Students Federation of India (SFI) and five others in connection with the heckling incident during which West Bengal Chief Minister Mamata Banerjee and state Finance Minister Amit Mitra were attacked by suspected SFI activists in Delhi as they tried to enter the Planning Commission building. The Trinamool Congress on Monday warned that it will not allow Parliament to...
11:57 AM, Apr 22, 2013
Kolkata: One of the directors of the 'chit fund' company Saradha Group was on Saturday arrested while its Chairman and Managing Director Sudipto Sen was still at large. "We have arrested Manoj Kumar Nagel who is one of the directors of the company from Bidhannagar. We are also looking out for their chairman Sudipta Sen by keeping a vigil at airport and other places," a senior police official at Bidhannagar...
08:35 AM, Apr 21, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee on Saturday blamed the Congress-led United Progressive Alliance (UPA) government in New Delhi for playing "sheer politics" by not yet releasing its share of the funds for the rural job scheme. Bengal's spending on the 100 days of jobs provided under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was the country's highest at Rs.4,408.70 crore, as against a total fund availability of...
05:29 AM, Apr 21, 2013
Kolkata: A medical team from the private clinic, where she was treated recently, on Friday examined West Bengal Chief Minister Mamata Banerjee at her Writers' Buildings office for an hour and advised her complete rest. "Since she is busy in her office, we could not contact her and so we directly came here to examine her," Subroto Maitra, head of the medical team from Belle Vue Clinic, where Mamata was...
08:20 PM, Apr 19, 2013
New Delhi: The National Commission for Women (NCW) chief Mamata Sharma on Friday said that she has taken note of the rape of a five-year-old in Delhi but surprisingly expressed inability to go and visit the family not before Saturday since it is a holiday on Friday. When confronted about action, Mamata claimed she cannot go and meet the child's family "because it is a holiday". In a grave reminder...
02:29 PM, Apr 19, 2013
New Delhi: The National Commission for Women (NCW) chief Mamata Sharma on Friday said that she has taken note of the rape of a five-year-old in Delhi but surprisingly expressed inability to go and visit the family not before Saturday since it is a holiday on Friday. When confronted about action, Mamata claimed she cannot go and meet the child's family "because it is a holiday". In a grave reminder...
02:29 PM, Apr 19, 2013
The culture of political violence in Bengal is not even sparing holy grounds such as Presidency College (now University) which were till now protected from acts of violence and hooliganism. ...
11:37 PM, Apr 18, 2013
