Sana, an Indian woman married to a Pakistani doctor, was forced to hand over her two young children to their father at the Attari border due to visa restrictions imposed by the Indian government following a terror attack in Jammu and Kashmir. Sana, who entered India on a 45-day visa, is unable to return to Pakistan as she is not yet a Pakistani citizen and the process could take another four years. The Indian government revoked the visas of Pakistani nationals on Short-Term Visas, leading to the separation of families at the border.
Markets regulator Sebi on Thursday said it has lined up three properties of Saradha Group of Companies for an auction on December 16, at a reserve price of Rs 5.21 crore. The move is part of Sebi's efforts to recover money raised by the company from the public through illicit schemes. In a notice, the Securities and Exchange Board of India (Sebi) said the auction will be conducted between 11 am to 12 pm on December 16, 2022. The properties to go under the hammer include land parcels located in West Bengal.
Markets regulator Sebi on Friday said it has lined up as many as 69 properties of Saradha Group of Companies for an auction on November 1 at a reserve price of Rs 30 crore. The move is part of Sebi's efforts to recover money raised by the company from public through illicit schemes. In a notice, the Securities and Exchange Board of India (Sebi) said the auction will be conducted between 11 am to 1 pm on November 1, 2022.
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.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
On Tuesday, the authorities sealed a Saradha office at the Lalganesh area in Assam, after protestors ransacked the office.
The particular matter with Nalini pertains to the legal fee paid to her by the Saradha group.
The attached assets included buildings, bank accounts and landed properties held in the name of Saradha group and its directors.
Saradha Group-run Saradha Tours and Travels tied up with IRCTC for operating tourist services to different destinations.
The accused were charged under Indian Penal Code sections -- 409 (criminal breach of trust by public servant, or by banker, merchant or agent), 420 (cheating) and 120B (punishment of criminal conspiracy).
At least 10 companies are currently being probed for possible violation of CIS regulations of Sebi, the official said, while adding that role of Sen and other top executives associated with these entities was also being investigated.
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.
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.
The quizmaster-turned-parliamentarian was interrogated for about two hours on some financial transactions in bank accounts related to the TMC mouthpiece 'Jago Bangla'.
It was a multi-million rupee scam whose extent and reach are still being unravelled, so why did the chief of the scam-tainted Saradha group Sudipta Sen plead that he was unable to pay Rs 30,000 as bail fee? Where could all the money have gone? Indrani Roy finds out.
Suvaprasanna, considered close to ruling Trinamool Congress in West Bengal, allegedly sold a television channel he owned to Saradha Group chief Sudipta Sen, now in jail custody.
Trinamool Congress's slogan of 'Satatar Pratik' (symbol of honesty) has been challenged by BJP's slogan, 'Gali, gali mein shor hai, Mamata Banerjee chor hai'.
About 17 lakh investors, mostly in West Bengal, who have lost crores of rupees in the Saradha chit fund scam are fast losing hope. The scandal continues to roil West Bengal political circles with several ruling Trinamool Congress leaders being implicated and some arrested. Even West Bengal Chief Minister Mamata Banerjee's name has been dragged into the sordid mess. Indrani Roy presents a FAQ on what the scam is about and the main players behind it.
The Saradha group of companies allegedly duped lakhs of people to the tune of Rs 2,500 crore, promising higher rates of return on their investments.
Why did the West Bengal government ignore warnings about the Saradha group, long before the chit-fund scam surfaced? Indrani Roy/Rediff.com reports on how retired police officer Nazrul Islam blew the whistle on the shady dealings of the Saradha group, and how no one heeded him then.
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 agency had summoned him in January too but he sought time, citing the ongoing Winter Session of Parliament, they said.
A preliminary report on the investigations is likely to be submitted soon by SFIO, but the final report may take little longer, Corporate Affairs Minister Sachin Pilot said.
The CA insitute had asked the SFIO numerous times for details against the auditor, but it has not been furnished till now
Picketeers blocked rail traffic at several places in the Sealdah-Ranaghat, Sealdah-Bongaon and Sealdah-Barasat section for several hours.
His son Sandhir Agarwal was earlier arrested by CBI in connection with the Saradha probe and is now in jail.
Suspended Trinamool Congress MP Kunal Ghosh on Monday alleged that West Bengal Chief Minister Mamata Banerjee was the biggest beneficiary of Saradha Media, an arm of the Saradha Group embroiled in a multi-crore chit fund scam, during his deposition before a city court.
'She could have sat down with the students and taken a list of their grievances including their allegations and suspicions.' 'Not all suspicions are true, but you have to listen, you have to let the steam come out.'
Nalini Chidamabaram, wife of former Finance Minister P Chidambaram, has been examined by CBI in conection with the alleged multi-crore Saradha chit fund scam.
He is the first former central minister to be apprehended by the agency in the case
The first to arrive at the Salt Lake office of the central probe agency here was the award wining actor and director Sen whose statement was recorded by ED which is probing her role as the Editor of a magazine brought out by the now defunct group.
There are four first information reports against Saradha Group in which it is alleged that thousands of investors were allegedly duped by the company officials and their associates who swindled their deposits.
CBI has registered three FIRs in West Bengal against Saradha group and 44 FIRs in Odisha against chit fund companies allegedly operating on the lines of Saradha.
A special CBI team had been searching for Kumar, who is now the additional director general of police in the criminal investigation department, across various locations in Kolkata.
In February, the directorate attached properties of the group worth Rs 35 crore (Rs 350 million) in West Bengal and Odisha under the provisions of Prevention of Money Laundering Act.
Bose, who also owns the popular Bengali daily Pratidin, once employed the suspended Trinamool Rajya Sabha member Kunal Ghosh, now behind bars for his alleged role in Saradha affairs, as editor of the newspaper.
Judge Uttam Kumar Nandy granted the former state transport minister bail on two sureties of Rs 15 lakh each.
The investigative agency plans to file a second chargesheet, naming more perpetrators in the Saradha scam.
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The CBI has recently filed a chargesheet in a court in Kolkata.
Investigation into the Saradha chit fund scam has so far not revealed any terror link with Bangladesh, the government said on Wednesday, days after the Bharatiya Janata Party had alleged such a connection.
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