West Bengal Chit Fund Scam

  • Saradha chit fund scam: SC issues notice to Centre, CBI, WB govt July 18, 2013

    New Delhi: The Supreme Court on Thursday issued notice to the centre, West Bengal government, CBI and Securities and Exchange Board of India on a petition seeking transfer of the Saradha chit fund scam investigation to the premier probe agency. The apex court bench, headed by Chief Justice Altamas Kabir, issued...
  • WB govt to soon get Centre's comments on chit fund bill: FM June 4, 2013

    New Delhi: Union Finance Minister P Chidambaram on Tuesday said the West Bengal government will soon get comments of the Centre on the bill passed by the state assembly for protection of investors in chit fund schemes. "The Ministry of Finance has given its comments to the Ministry of Home...
  • Parl panel to submit report on chit funds in Monsoon session May 31, 2013

    New Delhi: A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in West Bengal, will give its recommendations on preventing recurrence of such incidents to Parliament in the forthcoming Monsoon session. "We have completed deliberations on the ponzi schemes and will submit our...
  • Saradha chit fund scam: Assam Cong leader Matang Sinh questioned May 29, 2013

    Kolkata: Assam Congress leader Matang Sinh has been questioned in connection with the Saradha chit fund scam. The police are probing money links between the main accused in the scam Sudipta Sen and Matang Sinh. Sen had named Matang Sinh and his wife Manoranjana Sinh in his letter to the...
  • Saradha chit fund scam: A month on, SIT's credibility being questioned May 23, 2013

    Kolkata: It has been a month since Sharada chit fund scam accused Sudipta Sen was arrested. The scam has driven at least eight people to suicide, lakhs of investors lost their life savings and hundreds of agents have fled their homes. An SIT to probe the case was announced and...
  • WB chit fund scam: Saradha Group director admitted to hospital May 22, 2013

    Kolkata: Debjani Mukherjee, one of the main accused in the West Bengal chit fund scam, was on Wednesday once again admitted to the state-run SSKM hospital in Kolkata. Debjani, a close associate of Saradha Group chairman Sudipta Sen, was earlier on Tuesday admitted to SSKM hospital in Kolkata. Doctors say she...
  • Saradha Group director admitted to hospital May 21, 2013

    Kolkata: Debjani Mukherjee, one of the main accused in the Saradha Ponzi scam, was on Tuesday admitted to the state-run SSKM hospital in Kolkata. "She has been admitted with certain complaints like weakness, reeling and scanty urination. She is under observation of the doctors and there is nothing serious regarding...
  • Chit fund scam: Sen remanded to judicial custody May 18, 2013

    Kolkata: West Bengal chit fund scam accused Sudipta Sen and Arvind Chauhan have been remanded to judicial custody till May 22. The court has reserved order on the third accused Debjani Mukherjee as she is in hospital. Mukherjee was admitted after complaining of stomach ailment. Meanwhile, Congress workers protested in Kolkata...
  • Parl panel for single regulator to monitor chit fund schemes May 17, 2013

    New Delhi: Against the backdrop of recent chit fund controversy in West Bengal, a Parliamentary committee on Friday slammed such schemes with demands for putting in place a single regulator to oversee their functioning or scrapping them altogether. The Parliamentary Standing Committee on Finance closely scrutinised the functioning of such...
  • I choose my roles by the importance of the character: Rajesh Sharma May 14, 2013

    Critically acclaimed actor Rajesh Sharma, who has acted in films such as "Maachis", "Ishqiya", "No One Killed Jessica", "The Dirty Picture" and "Luv Shuv Tey Chicken Khurana", joined IBNLive readers for an interaction on his future projects and his experience of acting in the Bengali film "Kagojer Nouka (Paper Boat)"...
  • WB govt-owned theatre refuses to screen 'Kagojer Nouka' May 14, 2013

    Kolkata: A West Bengal government owned film centre in Kolkata has reportedly refused to screen a movie on the chit fund scam. State-owned Nandan film centre says it will not screen the movie 'Kagojer Nouka' (which means Paper boat). The movie's director has alleged that the cinema hall authorities have...
  • WB chit fund scam: What forces people to invest in ponzi schemes? May 14, 2013

    Kolkata: As the Calcutta High Court begins hearing pleas seeking a CBI probe into the Sharada group chit fund scam on Tuesday, CNN-IBN has found that it is unemployment and stunted industrial and agricultural growth in the state that is forcing people to invest in ponzi schemes. Seventy-year-old Sunil Sarkar recounts...
  • WB: Chit fund scam claims its 12th victim May 13, 2013

    Barasat: The chit fund scam in West Bengal claimed its twelfth victim on Monday with an agent of a ponzi scheme found hanging in his home at Basirhat in West Bengal's North 24 Parganas district. Police said the body of Ujjwal Samaddar, a 27-year-old agent of Sanmarg ponzi scheme, was found...
  • Chit fund scam: Debjani distances herself from Sudipta, says he masterminded the racket May 11, 2013

    Kolkata: Sudipta Sen's alleged aide Debjani Mukherjee, who was arrested in connection with the West Bengal chit fund scam, distanced herself from the Saradha Group chairman through a letter that was made public by her lawyers. Debjani in her letter, alleged that Sudipta masterminded the racket while she was merely a...
  • WB: Movie on chit fund scam to release today May 10, 2013

    Kolkata: The Saradha Group chit fund fiasco has inspired a new movie in West Bengal. Tollywood has drawn inspiration from the Saradha Group collapse. All eyes are now on the latest release, 'Kagojer Nouka' or 'The Paper Boat', which metaphorically means an object that doesn't stay afloat for a long...
  • WB chit fund scam: Sudipta Sen, 2 aides sent to 9-day police custody May 9, 2013

    Kolkata: Chit fund company Saradha group's chief Sudipta Sen was on Thursday sent to 9-day police custody, along with two of his close aides - Debjani Mukherjee and Arvind Singh Chouhan. The Bidhan Nagar police had sought a 14-day extension of their custody. The Saradha group allegedly duped lakhs of investors in...
  • WB: Another chit fund company agent commits suicide May 7, 2013

    Kolkata: Illegal finance schemes continued to claim lives in West Bengal on Tuesday. Yet another agent of yet another illegal deposits-taking company killed himself after being heckled by investors in the Self Trust Enterprises Ltd. Self Trust Enterprises went under in April. Mrinal Monal of North 24 Paraganas who was its agent,...
  • WB chit fund scam: How Saradha group looted the investors May 7, 2013

    Investigations are on into the chit fund scam in West Bengal. There were thousands of crores of losses for those who can least afford it. ...
  • WB: Chit fund company chief found dead, wife alleges murder May 7, 2013

    Kolkata: The wife of a chit fund company director on Monday filed an FIR seeking investigation into his death. According to the complainant, her husband was murdered by investors who mobbed him after he was unable to pay them back. Hello India chit fund director Jayanta Sarkar was found dead in...
  • WB chit fund scam: Mamata holds meet with officials May 1, 2013

    Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday held a meeting with her colleagues and senior officials on the issue of Saradha group fiasco. The meeting came a day ahead of the state government's scheduled filing of an affidavit before the Calcutta High Court on steps taken against the Saradha...
  • WB chit fund scam: Top aides of 2 Left leaders quizzed May 1, 2013

    Kolkata: The probe in the West Bengal chit fund case has widened its ambit to the previous Left government. On Wednesday, the police questioned the top aides of two former Left ministers. Sources said that the police questioned Anjan Bhattacharya, the assistant of former Housing Minister Gautam Deb and Ganesh Dey,...
  • West Bengal chit fund scam: Mamata to hold rallies May 1, 2013

    Kolkata: Seeking to prevent the opposition from cashing in on the Saradha chitfund scam, West Bengal Chief Minister Mamata Banerjee will hit the streets on Thursday to shift the blame to her predecessors and project the action taken by her government against the 'legacy' of '70s and '80s. "The chitfunds...
  • WB chit fund scam: Police call tea trading firm owner for questioning April 30, 2013

    Kolkata: The Bidhannagar Police on Tuesday called tea trading firm owner Sajan Agarwal for questioning in the West Bengal chit fund scam case. Saradha chief Sudipta Sen had named Agarwal as the conduit through which key players in Delhi were paid off. Meanwhile, Chief Minister Mamata Banerjee on Tuesday started sealing offices...
  • WB chit fund scam: Police to question more political leaders April 30, 2013

    Kolkata: Police sources on Tuesday indicated that more politicians apart from Trinamool Congress MP Kunal Ghosh will be questioned in connection with the West Bengal chit fund scam. This would be done to probe if there is any proof of money exchanging hands amongst lobbyists and political leaders who assured Saradha...
  • WB chit fund scam: Police question TMC MP Kunal Ghosh April 30, 2013

    Kolkata: The police questioned Trinamool Congress MP Kunal Ghosh for 90 minutes regarding his involvement in the multi-crore West Bengal chit fund scam on Monday. Sources say Ghosh was asked about his position in the company, his deal with Saradha Group promoter Sudipta Sen on Channel 10 and whether he...
  • WB chit fund scam: Noose tightens around accused April 29, 2013

    Kolkata: The West Bengal Police investigation into the Saradha chit fund fraud gathered steam on Monday as it summoned Trinamool Congress MP Kunal Ghosh for questioning over his role in the scam. Ghosh, however, denied all the charges saying it was a conspiracy against him. "Lies are being concocted and spread...
  • Chit fund scam: Sudipta swindled 2500 employees of PF money April 29, 2013

    Kolkata: Sudipta Sen, Saradha group chairman accused of duping lakhs of investors, has allegedly swindled 2500 of his employees of their provident fund money, according to sources. Sources said that the amount never got deposited in their respective PF accounts. A team of ED officials from Kolkata have started looking at...
  • WB: Cong workers go on a rampage, demand Kunal Ghosh's arrest April 29, 2013

    Kolkata: Congress workers on Monday went on a rampage over the West Bengal chit fund scam in Kolkata. They took to the streets in Kolkata demanding a CBI probe and the arrest of Trinamool Congress MP Kunal Ghosh. The protesters burned effigies, broke barricades and also clashed with the police....
  • SFIO probing firms involved in WB chit fund scam: Sachin Pilot April 29, 2013

    The Centre is investigating the West Bengal chit fund schemes with the Corporate Affairs Ministry setting up a special panel. ...
  • WB Assembly adjourned till tomorrow after obituary reference April 29, 2013

    Kolkata: Day one of West Bengal Chief Minister Mamata Banerjee's Assembly test has been deferred. The West Bengal Assembly has been adjourned for the day after an obituary reference. A special 2-day session had been called by Governor MK Narayanan to discuss the chit fund scam. It has not just...