New Delhi: Amid a raging controversy over alleged cheating of gullible investors by Saradha group, the regulators have found that West Bengal and Northeastern states have become a hotbed of such frauds and NRIs from these regions account for a large chunk of defrauded people. While the Centre has announced an SFIO (Serious Fraud Investigation Office) probe into the affairs of Kolkata-based Saradha group and other such entities across the country, market regulator Sebi is also investigating illegal money-pooling activities of many such groups.
While the capital markets regulator is focussing its probe on violation of Collective Investment Scheme (CIS) norms by these companies, it has prima facie come across various instances of funds being channelled to and from other countries and these cases, after further probe, could be referred to other agencies like the Enforcement Directorate, RBI and other agencies, a senior official said. The Enforcement Directorate and the Income Tax department have already begun their own respective investigations into the matter and assistance could be sought from RBI and other regulatory and enforcement agencies as well, he added.
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01:54 PM, Apr 26, 2013
Guwahati: An eight-year-old child was killed in a mudslide in Assam on Tuesday as two earthquakes jolted the state along with other northeastern states and Odisha. Three children, who had gone for fishing in river Beki at Kalgasia village in Assam's Barpeta district, were swept into the waters by the mudslide during the first tremor, official sources said. While Jehirul Nessa (8) drowned, the other two Moidul Islam and Kamala...
05:51 PM, Apr 16, 2013
Home Minister Sushilkumar Shinde said the security situation in northeastern states has improved while Rs.1,659 crore had been provided to them for modernisation of police forces during the last 12 years, an official statement said on Friday. ...
01:48 AM, Mar 09, 2013
Purno Agitok Sangma's new found political avataar as the head of the National People's Party has had a shaky start at the Meghalaya polls. With only two seats in his kitty, this is an unimaginable result for the state's grand old politician. Adding insult to injury was Opposition leader and his son Conrad's shock defeat in the West Garo Hills by more than 2,000 votes, a huge margin in a...
09:54 AM, Mar 02, 2013
The Left Front stormed back to power in Tripura and the Naga People's Front in Nagaland, while the Congress, which fared poorly in both states, emerged as the single-largest party in Meghalaya with two seats short of absolute majority in the assembly election results declared on Thursday. ...
10:29 PM, Feb 28, 2013
Jubilant over the ruling Left Fronts's victory in Tripura for the fifth straight term, the CPI(M) in Assam took out a victory procession through the main thoroughfares of Guwahati on Thursday. ...
06:45 PM, Feb 28, 2013
Three former Chief Ministers in Meghalaya emerged victorious in the Assembly election as the Congress is comfortably coasting towards a return to power winning 29 seats. ...
06:35 PM, Feb 28, 2013
It was a repeat of the 2008 Assembly elections in the three northeast states of Tripura, Nagaland and Meghalaya as the incumbent parties came to power in all the three states. In Tripura, the CPI(M) registered its fifth consecutive victory with wins in 49 seats. In Nagaland, the Naga Peoples Front retained power with wins in 37 seats. In Meghalaya, the Congress emerged as the single largest party with wins...
06:09 PM, Feb 28, 2013
The return of the CPI(M)-led Left Front in Tripura and Forward Bloc wresting the Nalhati seat from Congress in West Bengal reflects "re-emergence" of the Left parties, senior CPI(M) leader Sitaram Yechury said on Thursday. "We congratulate the people of Tripura to have given us two-thirds majority for the seventh Left Front government in the state and sixth in a row," he told reporters when his reaction was sought on...
04:03 PM, Feb 28, 2013
The Left Front led by the CPI(M) came to power for a record fifth straight term defeating the Opposition Congress by a huge margin. The CPI(M) won 48 seats in the 60-seat Assembly. Chief Minister Manik Sarkar won the Dhanpur Assembly seat defeating his nearest Congress rival Shah Alam by 6,017 votes. ...
02:00 PM, Feb 28, 2013
The counting of votes began in Tripura amidst tight security and CPI(M) is leading in one seat. ...
08:09 AM, Feb 28, 2013
Counting of votes has begun in the Northeastern states of Meghalaya, Tripura and Nagaland amidst tight security. The Assembly elections in the three states, having 60 seats each, were held February 14 and February 23. ...
08:05 AM, Feb 28, 2013
The stakes are high for the Congress party but analysts say the CPM-led Left front will gain a comfortable win in Tripura. Nagaland may be problematic as well where the Congress and the ruling Naga People's Front have been on almost equal footing the last few elections. ...
07:49 AM, Feb 28, 2013
Counting of votes for the 60 Assembly seats in Meghalaya would be held on Thursday amid tight security. A whopping 88 per cent of the 1.5 million voters exercised their franchise on February 16 to pick a new 60-member house in the state bordering Bangladesh. ...
03:55 AM, Feb 28, 2013
Adequate security has been put in place for the counting of votes to the 59 Assembly seats of 60-member House in Nagaland on Thursday. ...
02:58 AM, Feb 28, 2013
Tripura, Meghalaya and Nagaland have been told to tighten security on their international and inter-state borders ahead of the vote count in the three states on Thursday. "Security along the borders will be further tightened in view of the counting of votes," an Election Commission official stated on Monday. ...
11:40 PM, Feb 27, 2013
Counting of votes will begin on Thursday in the Northeastern states of Meghalaya, Tripura and Nagaland amid tight security. Assembly elections in the three states, having 60 seats each, were held February 14 and February 23. ...
11:28 PM, Feb 27, 2013
BJP President Rajnath Singh has said his party will focus on improving its electoral prospects in the southern states and the North-East in the next general elections as part of the NDA's efforts to win more seats and wrest power from the Congress-led UPA coalition. ...
12:26 PM, Feb 24, 2013
Over 88 per cent of votes were cast on Saturday for the 60 Assembly seats in Meghalaya where polling was held in a peaceful manner, barring stray incidents. Chief Electoral Officer P Naik said polling was peaceful in the state except for a few stray incidents, detailed reports of which were awaited. ...
11:43 PM, Feb 23, 2013
Nagaland witnessed a high 83.29 per cent turnout of voters to elect 59 members of the 60-member Assembly on Saturday with the polling by and large peaceful. Election to the Tuensang sadar seat was countermanded following the death of Congress candidate P Chuba Chang on Friday. ...
11:38 PM, Feb 23, 2013
