The West Bengal Assembly had in a special session last week passed the West Bengal Protection of Interest of Depositors in Financial Establishment Bill, 2013, to protect investors in chit fund companies.
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
An FIR has been filed against Trinamool Congress Rajya Sabha Member of Parliament Kunal Ghosh, Saradha Group chairman Sudipta Sen and six others for non-payment of salaries to employees of a television channel run by the chit fund company.
A look into the lives of a few Saradha agents who are left in the lurch by Bengal's chit fund scam.
On the back foot over the chit fund scam in West Bengal, Trinamool Congress on Thursday raised questions over the role of a senior Chennai-based lawyer who is married to a Congress union minister.
With her simple cotton saree and hawai chappal, Mamata was always identified with the poorest of the poor Bengali. But this sudden burst of chit fund network of seemingly cheat companies has dragged her into the cesspool. Sheela Bhatt analyses.
An engaging screenplay, stunning music, wonderful performances and the perfect rural ambiance make Dharmaduraia fun watch.
A special task force of the SFIO recently submitted an interim report to the Corporate Affairs Ministry in this regard.
Mamata Banerjee has announced a Rs 500 crore relief package to assuage those who lost their money to the Saradha chit fund. As West Bengal is dancing on the edge of bankruptcy, this money will be raised from taxes on tobacco. Having already seen their savings go up in smoke the people of West Bengal must now puff away whatever is left, says T V R Shenoy.
Football in West Bengal may not be the same again in the aftermath of the Saradha chit fund scam which has left thousands of investors in disarray and could mean a drying up of funds for clubs.
The Trinamool Congress and the Bharatiya Janata Party on Monday targetted each other in Parliament, leading to clashes and walkouts. The TMC displayed in both Lok Sabha and Rajya Sabha the copies of some red diary, allegedly recovered from Sahara group chief Subrata Roy, and claimed that it contained the name of a BJP leader.
The bids have been invited by Sebi till October 27, while auction for the sale would take place on October 30
The chief minister, speaking at her first major political rally after the Lok Sabha polls, also said the party will launch a statewide protest on July 26, demanding return of black money "siphoned off" by the BJP.
A banquet hosted by President Pranab Mukherjee for a visiting foreign dignitary on Friday night provided the platform for Prime Minister Narendra Modi and his bitter political foe West Bengal chief minister Mamata Banerjee to meet and exchange pleasantries.
Kumar, who is currently the West Bengal CID additional director general, was part of a special investigation team set up by the West Bengal government to investigate the scam before the Supreme Court handed over the case to the CBI in 2014, along with other chit fund cases.
The CBI's new boss has never served in the Bureau.
Pulling no punches in her attack against the Bharatiya Janata Party for allegedly pursuing 'political vendetta' against the Trinamool Congress, West Bengal Chief Minister Mamata Banerjee on Thursday charged that the Central Bureau of Investigation was being used as a 'political tool' by the National Democratic Alliance government and was functioning as 'a department of the Prime Minister's Office'.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
He said that out of anxiety of losing the general elections, the chief minister is insulting the Constitution.
Dissident Trinamool Congress Rajya Sabha MP Kunal Ghosh, whose name has cropped up in the Saradha chit fund scam and who was served a show-cause notice for speaking against party chief Mamata Banerjee, was suspended from the party on Saturday, while two other MPs who had also hit out at the leadeship were spared.
Three men, with their faces covered, came on a motorcycle to her house in Konnanagar Jorapukur Ghat at 9 pm and started hurling bombs. They barged into the house, smashed a windowpane, damaged furniture, and abused and assaulted her, Bhattacharya said in her police complaint. The BJP leader said in her complaint that it was the handiwork of "anti-socials harboured by the TMC".
The agency said the recall of the order granting Kumar an interim protection from the arrest was necessary.
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.
CBI sources said Bose was interrogated for more than three hours.
Kumar sought seven days time, citing personal reasons, to appear before CBI officers in connection with the case.
The West Bengal chief minister has described her protest as a non-political one and welcomed all anti-BJP parties into it.
'A hugely dangerous game which she thought she had mastered has now found a stronger opponent,' points out Payal Mohanka.
ED had arrested group chairman Gautam Kundu on March 25.
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.
Bandyopadhyay had approached the high court in February seeking regular bail on health grounds.
In a written reply, Minister of State for Personnel Jitendra Singh said three cases in West Bengal and one case in Odisha have been registered by CBI.
Ponzi or MLM schemes are fraudulent investment operations.
The division bench said it deemed it appropriate to stay the special court's order and direct that the "accused person shall be treated to be in judicial custody till further orders".
Against the backdrop of the Lok Sabha results, a much larger scale of desertion was anticipated from the TMC. 'It seems, people don't believe that the ship is sinking.'
In a blow to the prestige of the saffron brigade, Bharatiya Janata Party's national vice president Mukul Roy along with son Subhranshu, rejoined the Trinamool Congress on Friday, with Bengal Chief Minister Mamata Banerjee and other leaders of the state's ruling party welcoming the prodigal back to the fold.
The West Bengal chief minister also accused the PM of 'removing crucial files' related to demonetisation.
Bengal ministers Firhad Hakim and Subrata Mukherjee were taken to the Central Bureau of Investigation office on Monday in connection with the Narada sting operation, officials said.
'Didi' became the real 'Dada' as she got past the post, on a wheelchair and a foot in cast, a souvenir from the Nandigram battle against former protege-turned-rival Suvendu Adhikari.
As a multi-agency probe continues in Saradha scam, findings of one official investigation suggests that the group floated at least 279 companies to channelise money collected from gullible investors as part of a vast 'ponzi' network.
The move is aimed at protecting investors from parking their money in dubious schemes.
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