Bengal chit fund scam: FIR against Trinamool MP, Assembly to pass fresh bill
11 years, 11 months ago

Bengal chit fund scam: FIR against Trinamool MP, Assembly to pass fresh bill

India TV News  

Narayanan said indemnifying the poor investors was imperative. "There are several inquiries that are going on, but the most important issue now is: Can we give back some money to the investors," Narayanan said. Speaking to the media, the chief minister blamed the central government's "casual approach" and the failure of its agencies like SEBI and Reserve Bank of India for the scam, and demanded the centre return the money of the depositors. "A storm has come because of the deeds of the earlier government and casual approach of the centre," she told a media meet at the state secretariat Writers' Buildings here. The protests continued on the streets, as Youth Congress and the BJP's women front staged separate demonstrations to protest against the scandal and demanded strictest action against Sen. State Congress president Pradip Bhattacharya accused the government of trying to dilute the issue to save its "own people".

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History of this topic

Four arrested in ₹70 crore chit fund fraud targeting 1,300 victims
3 weeks, 4 days ago

Four arrested in ₹70 crore chit fund fraud targeting 1,300 victims

The Hindu  

Four individuals who duped at least 1,300 citizens in Hyderabad of ₹70 crore in a chit fund fraud were arrested by the Crime Investigation Department of Telangana on Tuesday. The accused, identified as Chavva Kumar, 50, Chavva Yadagiri, 62, Chavva Chinna Esthari, 60 and Chavva Venkatesh, 58, were taken into custody on Monday following a complaint by Pasham Venugopal Reddy, …

'Bengal Govt Diverting Central Funds To Benefit Undeserving People': Shivraj Chouhan
3 months, 3 weeks ago

'Bengal Govt Diverting Central Funds To Benefit Undeserving People': Shivraj Chouhan

ABP News  

New Delhi: Declaring that the government would not allow the misuse of resources, Union Rural Development Minister Shivraj Singh Chouhan on Tuesday alleged that the West Bengal government was diverting central funds and making "undeserving" people beneficiaries of welfare schemes. He said during Question Hour that the West Bengal government has made "undeserving" people beneficiaries rather than those who were …

Chiranjeevi meets Kerala CM Pinarayi Vijayan to hand over ₹1 crore for Wayanad. Watch
7 months, 3 weeks ago

Chiranjeevi meets Kerala CM Pinarayi Vijayan to hand over ₹1 crore for Wayanad. Watch

Hindustan Times  

Chiranjeevi and Ram Charan collectively pledged to donate ₹1 crore to the Wayanad landslide victims a few days ago. On Thursday, Chiranjeevi met Kerala Chief Minister Pinarayi Vijayan to hand over a cheque for the CM Relief Fund. Chiranjeevi handed over ₹ 1 crore to Kerala Chief Minister Pinarayi Vijayan. Talking to the press afterwards, Chiranjeevi said, “I have come …

Aruna Kumar Wants To File Suit Against Ramaji Rao on Chit Fund Business
11 months, 2 weeks ago

Aruna Kumar Wants To File Suit Against Ramaji Rao on Chit Fund Business

Deccan Chronicle  

Kakinada: Rajamahendravaram former MP Vundavalli Aruna Kumar has said he would file another suit against Eenadu group chairman Ramoji Rao. He said that if any person running a chit fund business does another business, he may divert the chit fund amounts to that business and might become bankrupt. Though Ramoji Rao is doing other businesses along with chit fund business, …

‘Sharathulu Varthisthai’ (Telugu) movie review: Well-intended, albeit dull PSA
1 year ago

‘Sharathulu Varthisthai’ (Telugu) movie review: Well-intended, albeit dull PSA

The Hindu  

‘Sharathulu Varthisthai’ is a disclaimer in the fine print that we often do not pay attention to. ‘Sharathulu Varthisthai’ Director: Kumara Swamy Cast: Chaitanya Rao Madadi, Bhoomi Shetty Storyline: A government employee decides to fight back when he and several other middle class families are duped of their savings. When the first glimpse of the ‘Golden Plate’ chit fund investment …

Hyderabad: 2 Held for Rs 2-Cr Chit Fund Fraud
1 year, 1 month ago

Hyderabad: 2 Held for Rs 2-Cr Chit Fund Fraud

Deccan Chronicle  

The special team of Madhapur police arrested two chit fund organisers for cheating hundreds of gullible investors to the tune of Rs 2 crore across the state. The accused opened a chit fund company named Samathamurthy Chit Fund Private limited six months ago and were functioning in their three branches at Madhapur, LB Nagar and Kukatpally, the police said. According …

Bengal taking precautions to stop misuse of MGNREGA funds: Officials
1 year, 1 month ago

Bengal taking precautions to stop misuse of MGNREGA funds: Officials

Hindustan Times  

Kolkata: The West Bengal government is taking extreme precautions to ensure that there is no misuse of the Mahatma Gandhi National Rural Employment Guarantee Act 2005 funds that chief minister Mamata Banerjee has promised to disburse on February 21 from the state exchequer, officials handling the operation said. West Bengal chief minister Mamata Banerjee “The state panchayat and rural development …

Illegal chit fund firms on the rise in Andhra Pradesh
1 year, 10 months ago

Illegal chit fund firms on the rise in Andhra Pradesh

Deccan Chronicle  

KAKINADA: The number of small and unregistered chit fund companies is growing rapidly, with a matching increase in their acts of financial frauds. The subscribers say the assistant registrars of chits and other employees of the department are aware of the fraudulent activities of unregistered chit funds, but no action is taken against them due to corrupt practices in the …

Suvendu writes to PM, seeking action against Mamata in Saradha case
2 years ago

Suvendu writes to PM, seeking action against Mamata in Saradha case

Deccan Chronicle  

KOLKATA: West Bengal leader of the opposition Suvendu Adhikari on Monday accused the CBI of lethargy in acting against Chief Minister Mamata Banerjee in the Saradha chit fund scam. “Former TMC leaders Suvendu Adhikari and Mukul Roy were under the ED and CBI scanner in the Narada sting operation case but the cases didn’t progress after they joined the BJP.” …

None above law, says minister in Margadarsi case
2 years, 4 months ago

None above law, says minister in Margadarsi case

Deccan Chronicle  

VIJAYAWADA: Irrigation minister Ambati Rambabu on Friday has brushed aside allegations that the state government was victimising Margadarsi Chit Fund Company. Addressing the media here, he underlined that the stamps and registration department had conducted raids against various chit fund companies across the state for violation of laws. The minister said Margadarsi chits was delaying payment of prize money to …

CBI arrests Trinamool leader in chit fund scam, recovers Rs 80 lakh
2 years, 6 months ago

CBI arrests Trinamool leader in chit fund scam, recovers Rs 80 lakh

India TV News  

Chit fund scam: The Central Bureau of Investigation on Friday arrested Trinamool Congress leader and the Chairman of Halisahar Municipality in West Bengal's North 24 Parganas district, Raju Sahani, for his alleged involvement in a major chit fund scam in the state. On late Friday afternoon, a CBI team suddenly conducted the raid and search operations at Sahani's residence at …

Take money being distributed by BJP and vote for TMC : Abhishek Banerjee tells people
3 years, 11 months ago

Take money being distributed by BJP and vote for TMC : Abhishek Banerjee tells people

Live Mint  

Trinamool Congress MP Abhishek Banerjee on Monday accused the BJP of distributing cash for votes in West Bengal and asked the people to accept the money but exercise their ballot for TMC instead. Banerjee also accused BJP of giving grants of ₹10,000 to each club in West Bengal and asking them to organise feasts and vote for the party. Prime …

Salaries Paid From CM Relief Fund of West Bengal, CBI Tells SC in Saradha Chit Fund Scam
4 years, 3 months ago

Salaries Paid From CM Relief Fund of West Bengal, CBI Tells SC in Saradha Chit Fund Scam

News 18  

In a development which may further increase the political heat in West Bengal where Assembly polls are slated early next year, the CBI in a contempt plea in the Saradha chit fund scam has informed the Supreme Court that the Chief Minister’s Relief Fund of West Bengal regularly paid for a period of 23 months, purportedly towards the salaries of …

SC notice to IPS officer Rajeev Kumar on CBI's appeal challenging his anticipatory bail
5 years, 4 months ago

SC notice to IPS officer Rajeev Kumar on CBI's appeal challenging his anticipatory bail

India TV News  

The Supreme Court on Friday sought a response from West Bengal cadre IPS officer Rajeev Kumar on CBI's appeal challenging the anticipatory bail granted to him in the multi-crore Saradha chit fund scam case. The CBI had approached the apex court challenging the anticipatory bail granted to Kumar in connection with the multi-crore-rupee Saradha chit fund scam. Kumar was part …

West Bengal: Education Minister Partha Chatterjee summoned by CBI over the Saradha Chit Fund Scam
5 years, 7 months ago

West Bengal: Education Minister Partha Chatterjee summoned by CBI over the Saradha Chit Fund Scam

Op India  

Education Minister of West Bengal and close aide of CM Mamata Banerjee, Partha Chatterjee, has been issued a notice by the CBI over the Sarada Chit Fund Scam. #JustIn | West Bengal Education minister Partha Chatterjee receives CBI notice on the Saradha chit fund scam. Chatterjee has received the notice regarding the TMC mouthpiece ‘Jago Bangla’ pic.twitter.com/dbZNcB1mrP — News18 August …

Agitation against 'cut money' in West Bengal: Battling extortion
5 years, 7 months ago

Agitation against 'cut money' in West Bengal: Battling extortion

The Hindu  

THERE is hardly a single complete pucca house in the remote and impoverished tribal village of Mirsa in the forested Ausgram block of Bardhaman district. Widespread looting Government schemes and projects are not the only “cut money” sources for local Trinamool leaders. Public outrage against “cut money”, which had been subdued mainly out of fear, began to spread like wildfire …

CBI raids in Delhi, Bengal, Bihar in chit fund scam
5 years, 8 months ago

CBI raids in Delhi, Bengal, Bihar in chit fund scam

India TV News  

The Central Bureau of Investigation on Monday carried out searches at over 11 places in West Bengal, Bihar, Tripura and New Delhi in its probe into a chit fund scam to the tune of Rs 87 crore. A senior CBI official here said that the agency raided different locations in West Bengal's North 24 Parganas, Patna, New Delhi and Agartala, …

Commission submits 7th interim report on Odisha chit fund scam
5 years, 8 months ago

Commission submits 7th interim report on Odisha chit fund scam

India TV News  

Commission submits 7th interim report on Odisha chit fund scam The government had formed the one-man commission on July 9, 2013 to probe the chit fund scam and identify the investors. Das commission of inquiry, which is probing the multi-crore chit fund scam in Odisha, submitted its seventh interim report to the state government on Friday. The commission has furnished …

Travels through the Hindi belt: Chhattisgarh govt struggles to assuage investors, agents duped in chit funds during BJP's tenure
6 years, 1 month ago

Travels through the Hindi belt: Chhattisgarh govt struggles to assuage investors, agents duped in chit funds during BJP's tenure

Firstpost  

Over 400 cases of irregularities have been registered against chit fund companies in Chhattisgarh. It seemed like a safe bet.” As things stand today, over 400 cases of irregularities have been registered and the Congress government is figuring out a policy to return money to more than 2.70 lakh people who had invested over Rs 1,105 crore in close to …

Saradha chit fund scam: Justice L Nageswar Rao recuses himself from hearing CBI’s contempt case against Mamata govt
6 years, 1 month ago

Saradha chit fund scam: Justice L Nageswar Rao recuses himself from hearing CBI’s contempt case against Mamata govt

Op India  

Justice L Nageshwar Rao has recused himself from the hearing of the contempt plea filed by the Central Bureau of Investigation in the Supreme Court against the West Bengal authorities in the Saradha Chit Fund case. In separate affidavits filed on February 18 by the West Bengal Chief Secretary Malay Kumar De, DGP Virendra Kumar, and Kolkata Police Commissioner Rajeev …

Not only Rajiv Kumar, Mamata wants to save herself in chit fund scam: Javadekar
6 years, 1 month ago

Not only Rajiv Kumar, Mamata wants to save herself in chit fund scam: Javadekar

Deccan Chronicle  

Alwar: Human Resource Development Minister Prakash Javadekar on Tuesday hailed the Supreme Court's verdict in the Central Bureau of Investigation versus Kolkata Police commissioner stating that TMC supremo Mamata Banerjee hampered the investigation agency's probe as she wants to save herself. "Mamata was sitting on Dharna to save state police commissioner Rajiv Kumar, however, the truth is she wants to …

Chit fund cases: Multiple notices to West Bengal cops since 2017 but very few appearances
6 years, 1 month ago

Chit fund cases: Multiple notices to West Bengal cops since 2017 but very few appearances

Hindustan Times  

The Central Bureau of Investigation and the West Bengal police communicated more than 20 times with regard to questioning of around two dozen state police officials in connection with the agency’s probe into the 2013 chit fund scams, according to documents seen by HT. The questioning of police officials, including Kolkata police commissioner Rajiv Kumar, was required as they investigated …

Saradha Chit Fund Case: All you need to know why Mamata Banerjee is trying to scuttle the CBI probe
6 years, 1 month ago

Saradha Chit Fund Case: All you need to know why Mamata Banerjee is trying to scuttle the CBI probe

Op India  

Kolkata witnessed an unprecedented series of events last night when a team of CBI officials were detained by the state police after they paid the police commissioner a visit to obtain crucial information regarding the Saradha scam. Senior leaders of the Trinamool Congress have been alleged to be intimately involved in the scam ever since the CBI initiated its investigation. …

West Bengal: CBI summons Derek O’Brien, grills Mamata Banerjee’s close aide over sale of her paintings to chit fund companies
6 years, 1 month ago

West Bengal: CBI summons Derek O’Brien, grills Mamata Banerjee’s close aide over sale of her paintings to chit fund companies

Op India  

The Central Bureau of Investigation on Thursday, have questioned Manik Majumdar, a close aide of the West Bengal CM Mamata Banerjee, about the sale proceeds of the paintings and even sent a notice to her party’s MP Derek O’Brien. CBI officials have reportedly stated that they are “Investigating the route of chit fund money in various directions so as to …

West Bengal government obstructing investigations in Saradha Chit Fund Scam: CBI
6 years, 1 month ago

West Bengal government obstructing investigations in Saradha Chit Fund Scam: CBI

Op India  

Central Bureau of Investigation has alleged the CM Mamta Banerjee government of West Bengal of impeding the investigations going on in the multi-crore Saradha ponzi scam. “The state government is hostile to the CBI and in the case of Saradha scam, the government machinery has damaged all the evidence.” A senior official of the CBI was quoted by reports. Earlier …

Chit fund business thriving in Andhra Pradesh
7 years, 1 month ago

Chit fund business thriving in Andhra Pradesh

Deccan Chronicle  

RAJANNA SIRCILLA: Illegal finance companies and chit fund businesses have come under the scrutiny of the government as many people are becoming victims of such illegal business in the state. Task force teams have been conducting raids on the houses of the owners of the business since Wednesday in Rajanna Sircilla district. The state government has taken serious note of …

Tamil Nadu: Chit fund family attempts mass suicide, six of 8 members dead
7 years, 6 months ago

Tamil Nadu: Chit fund family attempts mass suicide, six of 8 members dead

Deccan Chronicle  

Madurai: In an apparent suicide pact, eight members of a family consumed position at a home in Sourashtra Puram in Madurai and six of them died of the terrible self-inflicted pain on Sunday. The tragedy shook the local community as people have invested money in a chit fund business run by the family members, who also own a nursery school …

West Bengal remains underdeveloped despite adequate funds from Centre: Amit Shah
7 years, 11 months ago

West Bengal remains underdeveloped despite adequate funds from Centre: Amit Shah

Firstpost  

Amit Shah exhorted the people of Bengal to give his party a chance “since you have already tried the the Congress, the Left and the TMC”. Kolkata: BJP chief Amit Shah on Thursday said the Centre offered enough financial assistance to West Bengal but there was no development in the state, and asked the Mamata Banerjee government to answer where …

Odisha: BJP, Congress link BJD leaders to Rose Valley chit fund scam
8 years, 2 months ago

Odisha: BJP, Congress link BJD leaders to Rose Valley chit fund scam

Firstpost  

With the CBI arresting two Trinamool Congress MPs for their alleged involvement in the Rose Valley chit fund case, opposition Congress and BJP in Odisha on Thursday demanded action against some BJD leaders for “being hand-in-glove” with the ponzi scheme company. Bhubaneswar: With the CBI arresting two Trinamool Congress MPs for their alleged involvement in the Rose Valley chit fund …

Demonetisation has hit those involved in chit fund scams: Parrikar
8 years, 3 months ago

Demonetisation has hit those involved in chit fund scams: Parrikar

Deccan Chronicle  

Panaji: Defence Minister Manohar Parrikar on Sunday claimed that those involved in chit fund scams were now in trouble due to the Centre's demonetisation decision. Those who have looted crores of rupees through chit funds are feeling the heat of demonetisation," Parrikar said, hitting out at former Uttar Pradesh chief ministers Mayawati and Mulayam Singh Yadav, and West Bengal Chief …

Those who looted crores through chit funds are feeling heat of demonetisation: Parrikar
8 years, 3 months ago

Those who looted crores through chit funds are feeling heat of demonetisation: Parrikar

India TV News  

Defence Minister Manohar Parrikar today claimed that those involved in chit fund scams were now in trouble due to the Centre's demonetisation decision. But we don't gather people for rallies by paying money," Parrikar said at Siolim here. Those who have looted crores of rupees through chit funds are feeling the heat of demonetisation," Parrikar said, hitting out at former …

Saradha-Burdwan blast link: Some people think they can say anything, says Mamata on Amit Shah
10 years, 3 months ago

Saradha-Burdwan blast link: Some people think they can say anything, says Mamata on Amit Shah

Firstpost  

Amit Shah had told a rally on 30 November, “Saradha chit fund money was used in the Burdwan blast.” Jalpaiguri: As the Centre contradicted Amit Shah’s claim that Saradha chit fund money was routed to Bangladesh for terror activities, West Bengal Chief Minister Mamata Banerjee on Wednesday hit back at the BJP chief saying “some people think they can say …

Saradha scam money used for terror: Govt, Amit Shah divided over probe; TMC demands apology
10 years, 3 months ago

Saradha scam money used for terror: Govt, Amit Shah divided over probe; TMC demands apology

Firstpost  

Contradicting Amit Shah’s allegation, government said probe has so far not revealed that Saradha chit fund money was used to finance terror in Bangladesh. New Delhi: Government on Wednesday appeared to speak in different voices with a minister telling Parliament that probe has so far not revealed that Saradha chit fund money was used to finance terror in Bangladesh, contradicting …

Mamata Banerjee blames Centre, Left Front for Saradha scam – India TV
10 years, 4 months ago

Mamata Banerjee blames Centre, Left Front for Saradha scam – India TV

India TV News  

Kalyani: On a day when a TMC MP was arrested and state Textiles minister quizzed in Saradha scam, West Bengal Chief Minister Mamata Banerjee today blamed the Centre and the erstwhile Left Front government for the multi- crore chit fund mess. Wondering why the CBI, the SEBI and the BJP did not act earlier, Banerjee asserted, "Our government arrested the …

Trinamool women sit-in at CBI office, chit fund victims take out march
10 years, 6 months ago

Trinamool women sit-in at CBI office, chit fund victims take out march

India TV News  

Kolkata: The Trinamool Congress women's wing Thursday began a sit-in outside the CBI office decrying the central agency's "misuse" in the multi-crore-rupee Saradha scam probe, even as thousands of chit fund sufferers walked Kolkata's streets demanding refund of money collected by such companies and arrest of the owners. Taking the battle against the CBI to the streets, Mahila Trinamool Congress …

Saradha Scam: TMC seeks to dismiss allegations
10 years, 6 months ago

Saradha Scam: TMC seeks to dismiss allegations

India TV News  

Kolkata: Trinamool Congress today sought to dismiss allegations by opposition parties that many of its leaders were involved in Saradha ponzi scam and claimed that it was a ploy by them to keep the main culprits behind the curtains. “Opposition parties are trying to forge together and are making wild allegations to keep the main culprits behind curtains,” Trinamool Congress …

West Bengal govt welcomes CBI probe into Saradha scam
10 years, 10 months ago

West Bengal govt welcomes CBI probe into Saradha scam

The Hindu  

The West Bengal government on Friday welcomed the Supreme Court verdict asking the CBI to probe the Saradha chit fund scam in which millions of investors were cheated of their money in the state and elsewhere. State Finance Minister Amit Mitra said, “We welcome the order although it has come just two days before the last phase of the Lok …

Modi promises strong action in Saradha case
10 years, 11 months ago

Modi promises strong action in Saradha case

The Hindu  

Accusing the Trinamool Congress government of causing more damage to the State in 35 months than the Left Front government in 35 years, the Bharatiya Janata Party prime ministerial candidate Narendra Modi said that he will take strong action in the Saradha chit fund scam case if his party comes to power. Addressing an election rally here in Hooghly district, …

Demand for CBI probe into West Bengal chit fund scam
11 years, 3 months ago

Demand for CBI probe into West Bengal chit fund scam

The Hindu  

A demand for a CBI inquiry into the chit fund scam in West Bengal and adjoining states was made in the Rajya Sabha on Wednesday amid protest by Trinamool Congress members that the matter, which is subjudice, cannot be taken up in the House. Raising the issue during Zero Hour, Prashant Chatterjee said chit fund companies in West Bengal have …

Chit fund: Congress seeks clarification from Naveen
11 years, 3 months ago

Chit fund: Congress seeks clarification from Naveen

The Hindu  

A day after hundreds of duped depositors from different parts of the State staged a massive demonstration demanding refund of their money, Opposition Congress on Wednesday sought a clarification from Chief Minister Naveen Patnaik on his government's plan to return money to the investors who had been cheated by chit fund companies. Mr. Singh sought a clarification from the Chief …

Chit funds regulation: SC notice to Centre, RBI
11 years, 4 months ago

Chit funds regulation: SC notice to Centre, RBI

The Hindu  

The Supreme Court on Tuesday issued a notice to the Centre, the Reserve Bank of India and Securities Exchange Board of India seeking their response on a PIL for putting in place a proper mechanism to regulate functioning of chit funds in the country. Advocate Prashant Bhushan, appearing for NGO ‘Humanity Salt Lake’, submitted that there has been inaction on …

West Bengal: Saradha scam worth Rs 2,460 cr, reveals probe
11 years, 5 months ago

West Bengal: Saradha scam worth Rs 2,460 cr, reveals probe

Firstpost  

The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors’ money still remaining unpaid, a latest investigation report has revealed. New Delhi: The alleged chit fund scam in WestBengal involving the Saradha Group revolves around a total sumof Rs 2,460 crore with …

Odisha chit fund probe panel gets 8 lakh plaints
11 years, 5 months ago

Odisha chit fund probe panel gets 8 lakh plaints

India TV News  

Bhubaneswar: A one-man commission probing the multi-crore-rupee Odisha chit fund scam, which has already received about eight lakh complaints, has extended the deadline for receiving complaints to Oct 31, an official said Wednesday. This was for the third time the panel led by retired Sikkim High Court chief justice R.K. Patra, which launched investigation into the scam three months ago, …

Panel probing Odisha chit fund scam extends deadline
11 years, 6 months ago

Panel probing Odisha chit fund scam extends deadline

The Hindu  

The one-man commission probing the multi-crore rupee Odisha chit fund scam has extended the deadline for submission of complaints to September 18, the commission secretary said on Monday. The commission was appointed in May to probe the alleged fraud committed by chit fund companies and suggest ways to safeguard the interests of investors affected. Several complaints The panel led by …

Panel probing Odisha chit-fund scam extends deadline
11 years, 6 months ago

Panel probing Odisha chit-fund scam extends deadline

India TV News  

Bhubaneswar: A one-man commission probing the multi-crore-rupee Odisha chit-fund scam has extended the deadline for submission of complaints to Sep 18, the commission secretary said Monday. It has so far received 76,212 complaints.The panel led by retired Sikkim High Court chief justice R.K. Patra had earlier fixed Aug 31 as the deadline. Since more and more people are coming with …

Bengal chit fund meltdown: Another agent commits suicide
11 years, 10 months ago

Bengal chit fund meltdown: Another agent commits suicide

Firstpost  

An agent of a deposit firm committed suicide in North 24-Parganas district, police said Monday while West Bengal continued to grapple with the fallout of the chit fund scam, involving big companies like Saradha Group. Kolkata: An agent of a deposit firm committed suicide in North 24-Parganas district, police said Monday while West Bengal continued to grapple with the fallout …

Chit fund probe panel receives 60,000 complaints
11 years, 10 months ago

Chit fund probe panel receives 60,000 complaints

The Hindu  

The inquiry commission set up by the West Bengal government, to probe the Saradha Group and other deposit-taking companies, has received about 60,000 complaints, an official of the panel told The Hindu on Saturday. Serpentine queues outside the office of the four-member commission, headed by Justice Shyamal Sen, have been seen ever since it began work, indicating the enormity of …

Left leaders meet Manmohan, seek high-level probe into West Bengal chit fund scam
11 years, 10 months ago

Left leaders meet Manmohan, seek high-level probe into West Bengal chit fund scam

The Hindu  

A delegation of Left Front MPs and MLAs from West Bengal called on Prime Minister Manmohan Singh on Thursday and sought a high-level probe into the chit fund scam in the State. In a five-page memorandum, the delegation, led by Leader of the Opposition in the Assembly Surjya Kant Mishra, urged that investigation be carried out by the CBI with …

Chit fund scam: Toll mounts, opposition steps up heat for CBI probe
11 years, 10 months ago

Chit fund scam: Toll mounts, opposition steps up heat for CBI probe

India TV News  

Kolkata, May 8: The death count mounted in the Saradha chit fund scam which has rocked West Bengal with yet another agent ending his life, while the opposition stepped up pressure yesterday on the Mamata Banerjee government to order a CBI inquiry into what is being perceived as the biggest financial scandal to hit the state. He sold a part …

Chit fund scam: Nine dead, will more casualties follow?
11 years, 10 months ago

Chit fund scam: Nine dead, will more casualties follow?

Firstpost  

As the multi-crore-rupee Saradha chit fund scam rages on, the related loss of life continued in West Bengal with three more people linked to ponzi firms committing suicide, taking the death count to nine. Kolkata: As the multi-crore-rupee Saradha chit fund scam rages on, the related loss of life continued in West Bengal with three more people linked to ponzi …

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