Market regulator Sebi on Tuesday ordered Kolkata-based Saradha Realty India to close all its collective schemes and refund the money collected from investors within three months, amid continuing protests against the alleged fraudulent activities of the group.
Sudipto Sen, chairman of the Saradha chit fund company, which has allegedly defrauded thousands of depositors, was arrested along with two other company officials in Kashmir Valley
He was arrested this morning by CBI sleuths.
More details will doubtless pour out about Sudipto Sen's rackets as investigations proceed. But one thing is certain. The vast majority of Saradha's victims will only get a pittance from the Rs 5 billion compensation fund set up by the Mamata Banerjee government, to be part financed by an additional levy on cigarettes, of all things. But the investors' stake is estimated at Rs 170 billion, if not more, says Praful Bidwai.
As controversy grew, BJP leaders, actors also joined the discourse against him.
Unfazed by the widespread criticism of his comments against the Hindi film The Kashmir Files, Israeli director and IFFI international jury chair Nadav Lapid said he stands by his remarks as he "knows how to recognise propaganda disguised as a movie".
The two veterans will be seen in a Bengali-English film, Indian Autumn, which will be directed by filmmaker Sudipto Sen.
'Depicting the genocide of 3 lakh #KashmiriHindus cannot be called vulgar.'
Saradha Group-run Saradha Tours and Travels tied up with IRCTC for operating tourist services to different destinations.
Sudipto Sen, chairman of the Saradha Group, who was arrested in April last year after the Saradha bubble burst, today came to attend the hearing of the commission. "I want Saradha Group's property to be auctioned to return money to all creditors," Sen said while leaving.
The chargesheet had been filed under sections 120b, 409 and 420 of IPC (criminal conspiracy, criminal breach of trust and cheating) and also under sections four and six of Prize, Chit and Money Circulation Schemes (Banning) Act 1978.
Arrested Trinamool Congress Member of Parliament Kunal Ghosh was involved in activities of the Saradha Group other than those commensurate with his position as the media CEO of the chit fund company as per fresh evidences that have emerged, the police said on Wednesday.
Probing the high-profile Saradha chit fund scam of West Bengal, the serious fraud investigation office on grilled the suspended Trinamool Congress MP Kunal Ghosh for over eight hours here and further questioning is expected next week.
CBI is also probing a criminal conspiracy angle of the Saradha scam.
The former union minister has been remanded to custody for 5 days.
The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.
A court in Kolkata has rejected the interim bail plea of Trinamool Congress Rajya Sabha MP Srinjoy Bose, arrested by CBI in connection with the Saradha chit fund scam case, and remanded him to four days police custody
Trinamool Congress Rajya Sabha MP Srinjoy Bose was on Friday arrested by the Central Bureau of Investigation after a marathon interrogation for five hours for his alleged involvement in the multi-crore Saradha chit fund scam.
Members of the Jawaharlal Nehru University Students Union and the Gender Sensitisation Committee Against Sexual Harassment had disrupted the film's screening, alleging a hate campaign was being propagated in its guise.
The website has the address and contact numbers and email IDs of 69 branch offices of Saradha Group spread across West Bengal, Tripura, Odisha, Assam and New Delhi.
Taking potshots at West Bengal Chief Minister Mamata Banerjee over the Saradha chit-fund scam and the Burdwan blast, Bharatiya Janata Party president Amit Shah on Sunday appealed to the people here to vote for change and development in the state.
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