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WB: Another chit fund owner dies, toll climbs to 14

The owner of a rural chit fund firm, active in two south Bengal districts, died on Thursday in Hooghly district taking the ponzi scheme fiasco deaths in the state to 14. The police said that Asim......

EXPLAINED: The Saradha chit fund scam

What is the Saradha scam all about, who are the main players behind it? Indrani Roy/Rediff.com presents an faq. West Bengal Chief Minister Mamata Banerjee and her ministers won't forget......

Court asks CBI to file affidavit on chit probe in other states

The Calcutta high court on Tuesday directed the Central Bureau of Investigation to file an affidavit by Thursday stating whether the central investigating agency had been handed over investigation......

CBI arrests ex West Bengal DGP Rajat Majumdar in Saradha case

Former West Bengal DGP Rajat Majumdar was on Tuesday arrested by the CBI for his alleged involvement in the multi-crore Saradha chit fund scam. Majumdar, who had worked as Director General (Armed......

Excise policy: AAP's Goa poll kickbacks detected in I-T, CBI probes, says ED

The money trail of the alleged Rs 45 crore kickbacks generated from the Delhi excise policy "scam" and used for the 2022 Goa election campaign by the Aam Aadmi Party, as claimed by the Enforcement......

Chit funds eye Rs 5K crore a year from NRIs

RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions The Reserve Bank of India (RBI)’s recent decision to allow non-residential......

As chit fund cos go hi-tech, fintech firms see a gold mine

The prescribed ceiling of aggregate chit fund deposits for individuals has been raised from Rs 1 lakh to Rs 3 lakh and in case of firms, the limit has gone up from Rs 6 lakh to Rs 18 lakh.......

Who will bell the Ponzi schemes?

A system of multiple regulations operating in silos has created grey areas that foster illegal money raisingA group of people from the chit fund sector wrote a Right to Information application......

Cash crisis: Aaj ki taaza khabar!

IMAGE: A bank ATM in Mumbai, November 14, 2016. Photograph: Prasanna D Zore/Rediff.com Recalibrating ATMs to take more than a week, reports Abhijit Lele Bankers said work on recalibration......

Govt gets SFIO probe report on Saradha scam; prosecution soon

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......

'Investing in girls is about the smartest thing you can do'

Over Dosas in Mumbai, Oscar winner Megan Mylan tells Vaihayasi Pande Daniel why she chose India and girl empowerment as the subject of her new documentary. Image: Megan Mylan (centre) with her......

Buzz: Pakistan begin World Test Championship campaign in England

IMAGE: After the tour of Netherlands and Ireland, Pakistan will travel to England where they will play three World Test Championship Tests from July 30 to August 20 . Photograph: Francois......

Why the once legendary football clubs of Kolkata are fading

Bogged down by inefficient administration and unable to attract financing, the once legendary football clubs of Kolkata are fading into irrelevance Odafe Okolie, right, trains with Jose Barreto,......