'Mamata did not stand up for those who suffered owing to the chit fund scam, but only stood up for Police Commissioner Rajeev Kumar because he has all the knowledge about the chit fund case.'
Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.
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 by other states into the multi-crore chit fund scam that affected lakhs of investors.
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.
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.
Kumar is being interrogated at the highly secured CBI office at Oakland area in the Meghalaya capital where three senior CBI sleuths from Delhi reached on Friday.
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.
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.
The quizmaster-turned-parliamentarian was interrogated for about two hours on some financial transactions in bank accounts related to the TMC mouthpiece 'Jago Bangla'.
SC asks CBI to satisfy it that its request for seeking custodial interrogation of Kumar was bona fide and was in interest of justice.
Former Trinamool Congress MP Kunal Ghosh also appeared before the probe agency in Meghalaya.
Sarkar, who is also the home minister of the state, said his government was keeping a close surveillance on the functioning of the chit funds in the state and had enacted a rule for protection of the depositors.
The Central Bureau of Investigation on Saturday conducted searches at 56 places, including the premises of Biju Janata Dal MLA Pravata Tripathy and owner of a local newspaper in Odisha, in connection with the multi-crore Saradha chit fund scam.
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The Parliamentary Standing Committee on Finance, chaired by BJP leader and former Finance Minister Yashwant Sinha, which met on Friday to discuss the chit fund scam, was of the view that there should be a 'single law and a single regulator' to deal with investment schemes, sources said.
The Saradha Group had been raising deposits from the public with a promise to double the money invested within a short period.
The 60-year-old father of a chit fund company agent on Monday committed suicide in West Bengal's North 24-Parganas district. He was reportedly distressed over his son's inability to repay money to investors, taking the number of suicides after the Saradha Group bust to eight.
The bench said this is not an appropriate case for custodial interrogation of the petitioner.
'I have tutored my family and myself to fight hunger,' the former agent for the disgraced Saradha chit fund says, his eyes welling up. 96 of the 107 cases referred to the Serious Fraud Investigation Office are based in Bengal!
Even Delhi does not have a full-time registrar of chits.
Newly-elected Bahujan Samaj Party Member of Legisative Assembly from Dholpur B L Kushwaha, wanted in a chit fund fraud case, was detained by police at the assembly here when he had gone to take oath.
The general strike called against the ongoing Telangana agitation in Andhra and Rayalseema region turned violent at many places on Monday. The bandh called by the all party Joint Action Committee in favour of united Andhra Pradesh hit the normal life in all the 13 districts of the two regions.
The cop, who is alleged to have suppressed crucial evidences required for preparing the final CBI chargesheet in the scam, has been evading the probe agency's summons to appear before it and his whereabouts are not known.
The Bharatiya Janata Party's unit in West Bengal on Friday shot off a letter to activist Anna Hazare, questioning his support for Mamata Banerjee, and contested the 'clean' image of her government.
Naseer Khan, the blind actor and co-producer of Shadow, was arrested for his alleged involvement in a multi-crore chit fund scam in Balasore district.
Aiyar, who has stoked controversies in the past with his comments, made the remarks at the launch of the book Nehru's First Recruits.
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.
West Bengal Chief Minister Mamata Banerjee on Friday attacked Trinamool Congress' arrested Member of Parliament Kunal Ghosh for criticizing her over Saradha chit fund scam, saying his remarks were aimed at "saving" himself.
BJP leader Suvendu Adhikari filed his nomination on Friday from the Nandigram seat against his mentor-turned-adversary Trinamool Congress chief Mamata Banerjee, and said he was '100 per cent' confident of his victory.
Two Indian expatriates allegedly duped hundreds out of over $100,000.
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.
Reaction to surge in applications, seemingly to hide identity as chit funds.
The Director told his team of officers to expedite the probe as it involved the trust of common people as well as the Supreme Court in CBI.
"It will throw some light on the investigation," he said.
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.
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.
The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.
West Bengal Chief Minister Mamata Banerjee said it had not been a correct decision to align with Congress in the 2011 assembly elections and accused the Congress of holding out the threat of the Central Bureau of Investigation "whenever there is a protest against the UPA government".
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.
Unfazed by the controversy over his earlier remarks, Bharatiya Janata Party President Amit Shah on Friday linked the Burdwan blast accused to Trinamool Congress and challenged the party chief Mamata Banerjee to say they are innocent.
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