The former union minister has been remanded to custody for 5 days.
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.
Central Bureau of Investigation on Wednesday registered a record number of 46 cases in a day in connection with its probe in the Rs 10,000-crore Saradha chit fund scam naming Trinamool Congress' sitting Rajya Sabha MP Kunal Ghosh as one of the accused.
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.
Completing its over a-year-long probe into Saradha scam, the Serious Fraud Investigation Office (SFIO) has submitted its final investigation report to the government, which may soon start prosecution proceedings for numerous serious violations found during investigations.
CBI is also probing a criminal conspiracy angle of the Saradha scam.
The particular matter with Nalini pertains to the legal fee paid to her by the Saradha group.
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.
The Enforcement Directorate questioned Trinamool Congress MP and actor Mithun Chakraborty in connection with the multi-crore Saradha chit fund scam.
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.
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A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.
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.
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Two banks accounts were placed under attachment by Enforcement Directorate sometime back.
The rest, investigators claimed, were floated as "dummies" to act as cover for unleashing the alleged ponzi scheme.
Breaking her silence over the collapse of chitfund company, Saradha Group, which has hit thousands of depositors across the state in the last few days, West Bengal Chief Minister Mamata Banerjee today instituted a high-level inquiry and deputed a special investigation team into it.
Banerjee told reporters after a high-level meeting that a SIT under the DGP would go into the fiasco and a high-level inquiry under the Commission of Inquiry Act was being instituted.
Initially reluctant to involve the CBI in the investigation on the ground that the central agency had not been able to make any headway into the Nandigram and Netai killings, Chief Minister Mamata Banerjee later changed her stance, saying that the government was not averse to it.
Imran, a Rajya Sabha MP, reached the agency's office in Salt Lake here and will be questioned about his connections with the defunct group owned by jailed Saradha Chairman Sudipta Sen.
A city court on Friday remanded suspended Trinamool Congress MP Kunal Ghosh to seven days' judicial custody after he dramatically recused his lawyer from speaking for him and then pleaded for either bail or CBI custody to 'assist' the agency in its Saradha chit fund scam probe.
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'.
Saradha scam accused Kunal Ghosh on Monday threatened to commit suicide if the CBI did not take proper action against 'those involved' within three days in front of a magistrate when he was produced before a city court.
A CBI team from New Delhi will arrive in Assam on Tuesday to initiate investigations into duping cases reported against chit fund companies in Assam, reports K Anurag
It is difficult to re-enact the turnaround of Peerless.
A second police complaint has been filed against Trinamool Congress MP Kunal Ghosh by employees of Sakalbela, a closed Bengali daily owned by the Saradha Group, with Ghosh offering to resign if his complicity was proved and his party saying that none of the guilty would be spared.
The Enforcement Directorate on Wednesday night arrested the wife and son of the alleged kingpin of the multi-crore Saradha chit fund scam accused Sudipta Sen in a money laundering case.
Appearing before Justice A K Banerjee and Justice D Basak, Sen's counsel claimed the government was yet to form a special court, as suggested by the High Court in its earlier order, for hearing all cases with regard to the Saradha scam, which runs into thousands of crores of rupees.
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.
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.
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.
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The CBI has recently filed a chargesheet in a court in Kolkata.
The agency had summoned him in January too but he sought time, citing the ongoing Winter Session of Parliament, they said.
The quizmaster-turned-parliamentarian was interrogated for about two hours on some financial transactions in bank accounts related to the TMC mouthpiece 'Jago Bangla'.
Judge Uttam Kumar Nandy granted the former state transport minister bail on two sureties of Rs 15 lakh each.
ED had attached properties in the states of West Bengal, Assam and Odhisha.
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.
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.
Kumar sought seven days time, citing personal reasons, to appear before CBI officers in connection with the case.
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.
The apex court had last month handed over the case to CBI and asked the state governments to provide all logistical help to the CBI team probing the matter.
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