The investigative agency plans to file a second chargesheet, naming more perpetrators in the Saradha scam.
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.
He is the first former central minister to be apprehended by the agency in the case
The agency said the recall of the order granting Kumar an interim protection from the arrest was necessary.
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.
Moving ahead in the multi-crore Saradha chit funds scam case, the Enforcement Directorate (ED) on Wednesday attached assets, including a school, a cement factory and few resorts, worth Rs 60 crore (Rs 600 million) in West Bengal in connection with its money laundering probe.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Suspended Trinamool Congress MP Kunal Ghosh, who was arrested on November 23 in connection with the Saradha Group chit fund scam, was today granted bail in the first among several cases lodged against him.
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.
Saradha kingpin Sudipta Sen had alleged in his purported letter to the Central Bureau of Investigation that Kunal Ghosh and TMC Rajya Sabha member Srinjay Bose had blackmailed him, and he was forced to pay hefty amounts to them.
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The CBI has recently filed a chargesheet in a court in Kolkata.
ED, which has been probing the alleged financial irregularities and cheating by Saradha group of companies, has also detected that a high interest rate of 18 per cent was assured to investors if they invested in the groups' schemes for a period of 3-5 years, the probe report said.
A 43-year-old man has been arrested by the Delhi police for allegedly being the mastermind behind a fake website of the Prime Minister's Office as sleuths claimed to have busted a racket operating fake government web portals.
The investigation against HUL was initiated on the basis of an anonymous complaint. It alleged 'profiteering' of around Rs 535 crore between November 15, 2017, and February 28, 2018.
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.
Rajeev Kumar, the Kolkata police commissioner, is known for his impeccable investigating and electronic surveillance skills.
Barbs were on Saturday traded between Rahul Gandhi and Mamata Banerjee over the Saradha scam in West Bengal which defrauded lakhs, with the Congress vice-president accusing her government of inaction and the chief minister targeting P Chidamabaram.
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.
A look at the top tweets from your favourite Bollywood celebrities.
State transport and sports minister Madan Mitra -- whose name has reportedly propped up in CBI investigation in Saradha -- and textile minister Shyama Prasad Mukherjee, who was earlier quizzed by ED in this case, are now at the receiving end of a public snub of the party leadership.
Trinamool Congress MP and actor Mithun Chakraborty on Tuesday surrendered to Enforcement Directorate an amount of about Rs 1.2 crore that he had received from scam-hit Saradha group of companies for being its brand ambassador.
The Enforcement Directorate questioned Trinamool Congress MP and actor Mithun Chakraborty in connection with the multi-crore Saradha chit fund scam.
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.
West Bengal Chief Minister Mamata Banerjee could be staring at troubled times ahead as the Saradha scam trail seemingly leads up to her doorstep.
Conor McGregor said on Tuesday he was retiring from the sport, five months after losing to Khabib Nurmagomedov in a controversial title fight
Adani Ports has agreed to acquire DhamraPort in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore.
A day after slamming Narendra Modi as "Butcher of Gujarat", the Trinamool Congress on Monday demanded that the Gujarat Chief Minister should apologise publicly or face a defamation case for questioning the sale of Mamata Banerjee's painting.
The agency, which looks into white collar crimes and violations of companies law, investigated more than 60 companies in this regard.
The chief minister skipped meals and remained awake the entire night on a makeshift dais along with some senior ministers and party members.
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.
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.
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'.
One of the key reasons for corporate movie makers, such as Reliance and Viacom18, to flock to Tollywood is the growth regional content has shown in recent times.
The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.
Suspended Trinamool Congress MP and Saradha scam accused Kunal Ghosh on Friday allegedly tried to commit suicide by taking sleeping pills inside the Alipore Central Jail, West Bengal Correctional Home Services Minister H A Swafi said.
Reaction to surge in applications, seemingly to hide identity as chit funds.
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.
Two fitness experts weigh in on what works for them in the ancient Indian practice and what doesn't
Even while rejecting Israel Military Industries' petition, the court has effectively granted foreign vendors the constitutional right to be treated equally with Indian companies.
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