Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Chit fund scam: Sudipta Sen breaks down as Debjani Mukherjee sings    </title>
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-The Indian Express



Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.


Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources..."/>
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-The Indian Express



Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.


Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources..." />
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    <h1 class="cat-box-title">Chit fund scam: Sudipta Sen breaks down as Debjani Mukherjee sings</h1>
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		 Published on</span><span class="text-date"> May 10, 2013</span>
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                            <div align="justify">-The Indian Express</div><p align="justify"><br />Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.</p><p align="justify">Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources said.</p><p align="justify">Mukherjee, who has been &quot;cooperating&quot; with the police since she was arrested, is likely to become an approver. Officials earlier said that Mukherjee could become approver only after the police verify her statements.</p><p align="justify">In the last two weeks of police custody, Mukherjee has helped investigators trace several documents and trace the money trail of Sen's empire.</p><p align="justify">According to the sources, the documents seized revealed that the company had collected Rs 2,100 crore from the people. Sen needed Rs 850 crore to pay the investors while the company spent around Rs 400 crore as political payments. The company also spent more than Rs 550 crore to pay 35 per cent commission to agents.</p><p align="justify">Police today zeroed in on another businessman's alleged involvement in Saradha. Sen is said to have told the police that he was introduced to a businessman in North 24 Parganas by a senior leader of the Trinamool Congress. The businessman proposed that Sen set up a business of packaged coconut water. The project was accepted and documents prepared. Sen started collecting money for the project which only existed on paper, said a senior police official.</p><p align="justify">The police custody of Sen and Mukherjee ends tomorrow, when both Sen and Mukherjee will be produced before the court. Police officials said Sen would be booked for abetment to suicide of the depositors, several of whom have killed themselves across Bengal in the past few days.</p><p align="justify"><em>RBI questions extra tax to compensate Saradha victims</em></p><p align="justify"><em>Srinagar: </em>Reserve Bank Governor D Subbarao on Wednesday questioned the fairness of the West Bengal government's proposal to levy additional tax on cigarettes to compensate the victims of the Saradha chit fund scam.</p><p align="justify">&quot;If you go back to the West Bengal Saradha scheme, the Chief Minister said 'I will levy additional taxes on cigarettes and some other things to compensate the people who have lost money' ... Is it fair?&quot; Subbarao said while delivering a lecture to economics students here to mark the Platinum Jubilee celebrations of Jammu &amp; Kashmir Bank.</p><p align="justify">The general principle of banking is that the people who put money in banks should also bear the risk, he said.</p><p align="justify">&quot;Why should all of us support people who put their money in a bank? Do you recognise that the tax payers are compensating the people who invested their money in a bank,&quot; he asked.</p><p align="justify">&quot;The reason it (nefarious schemes) is happening because ordinary people... are not sufficiently aware of where they can put their money,&quot; he said.</p>                                                           
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    <br><a href="http://www.indianexpress.com/news/chit-fund-scam-sudipta-sen-breaks-down-as-debjani-mukherjee-sings/1113436/0" class="re" target="_blank">The Indian Express, 9 May, 2013, http://www.indianexpress.com/news/chit-fund-scam-sudipta-sen-breaks-down-as-debjani-mukherjee-sings/1113436/0</a><div class="clear"></div>
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Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.


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    <h1 class="cat-box-title">Chit fund scam: Sudipta Sen breaks down as Debjani Mukherjee sings</h1>
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                            <div align="justify">-The Indian Express</div><p align="justify"><br />Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.</p><p align="justify">Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources said.</p><p align="justify">Mukherjee, who has been &quot;cooperating&quot; with the police since she was arrested, is likely to become an approver. Officials earlier said that Mukherjee could become approver only after the police verify her statements.</p><p align="justify">In the last two weeks of police custody, Mukherjee has helped investigators trace several documents and trace the money trail of Sen's empire.</p><p align="justify">According to the sources, the documents seized revealed that the company had collected Rs 2,100 crore from the people. Sen needed Rs 850 crore to pay the investors while the company spent around Rs 400 crore as political payments. The company also spent more than Rs 550 crore to pay 35 per cent commission to agents.</p><p align="justify">Police today zeroed in on another businessman's alleged involvement in Saradha. Sen is said to have told the police that he was introduced to a businessman in North 24 Parganas by a senior leader of the Trinamool Congress. The businessman proposed that Sen set up a business of packaged coconut water. The project was accepted and documents prepared. Sen started collecting money for the project which only existed on paper, said a senior police official.</p><p align="justify">The police custody of Sen and Mukherjee ends tomorrow, when both Sen and Mukherjee will be produced before the court. Police officials said Sen would be booked for abetment to suicide of the depositors, several of whom have killed themselves across Bengal in the past few days.</p><p align="justify"><em>RBI questions extra tax to compensate Saradha victims</em></p><p align="justify"><em>Srinagar: </em>Reserve Bank Governor D Subbarao on Wednesday questioned the fairness of the West Bengal government's proposal to levy additional tax on cigarettes to compensate the victims of the Saradha chit fund scam.</p><p align="justify">&quot;If you go back to the West Bengal Saradha scheme, the Chief Minister said 'I will levy additional taxes on cigarettes and some other things to compensate the people who have lost money' ... Is it fair?&quot; Subbarao said while delivering a lecture to economics students here to mark the Platinum Jubilee celebrations of Jammu &amp; Kashmir Bank.</p><p align="justify">The general principle of banking is that the people who put money in banks should also bear the risk, he said.</p><p align="justify">&quot;Why should all of us support people who put their money in a bank? Do you recognise that the tax payers are compensating the people who invested their money in a bank,&quot; he asked.</p><p align="justify">&quot;The reason it (nefarious schemes) is happening because ordinary people... are not sufficiently aware of where they can put their money,&quot; he said.</p>                                                           
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    <br><a href="http://www.indianexpress.com/news/chit-fund-scam-sudipta-sen-breaks-down-as-debjani-mukherjee-sings/1113436/0" class="re" target="_blank">The Indian Express, 9 May, 2013, http://www.indianexpress.com/news/chit-fund-scam-sudipta-sen-breaks-down-as-debjani-mukherjee-sings/1113436/0</a><div class="clear"></div>
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-The Indian Express



Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.


Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources..." />
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    <h1 class="cat-box-title">Chit fund scam: Sudipta Sen breaks down as Debjani Mukherjee sings</h1>
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                            <div align="justify">-The Indian Express</div><p align="justify"><br />Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today.</p><p align="justify">Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources said.</p><p align="justify">Mukherjee, who has been &quot;cooperating&quot; with the police since she was arrested, is likely to become an approver. Officials earlier said that Mukherjee could become approver only after the police verify her statements.</p><p align="justify">In the last two weeks of police custody, Mukherjee has helped investigators trace several documents and trace the money trail of Sen's empire.</p><p align="justify">According to the sources, the documents seized revealed that the company had collected Rs 2,100 crore from the people. Sen needed Rs 850 crore to pay the investors while the company spent around Rs 400 crore as political payments. The company also spent more than Rs 550 crore to pay 35 per cent commission to agents.</p><p align="justify">Police today zeroed in on another businessman's alleged involvement in Saradha. Sen is said to have told the police that he was introduced to a businessman in North 24 Parganas by a senior leader of the Trinamool Congress. The businessman proposed that Sen set up a business of packaged coconut water. The project was accepted and documents prepared. Sen started collecting money for the project which only existed on paper, said a senior police official.</p><p align="justify">The police custody of Sen and Mukherjee ends tomorrow, when both Sen and Mukherjee will be produced before the court. Police officials said Sen would be booked for abetment to suicide of the depositors, several of whom have killed themselves across Bengal in the past few days.</p><p align="justify"><em>RBI questions extra tax to compensate Saradha victims</em></p><p align="justify"><em>Srinagar: </em>Reserve Bank Governor D Subbarao on Wednesday questioned the fairness of the West Bengal government's proposal to levy additional tax on cigarettes to compensate the victims of the Saradha chit fund scam.</p><p align="justify">&quot;If you go back to the West Bengal Saradha scheme, the Chief Minister said 'I will levy additional taxes on cigarettes and some other things to compensate the people who have lost money' ... Is it fair?&quot; Subbarao said while delivering a lecture to economics students here to mark the Platinum Jubilee celebrations of Jammu &amp; Kashmir Bank.</p><p align="justify">The general principle of banking is that the people who put money in banks should also bear the risk, he said.</p><p align="justify">&quot;Why should all of us support people who put their money in a bank? Do you recognise that the tax payers are compensating the people who invested their money in a bank,&quot; he asked.</p><p align="justify">&quot;The reason it (nefarious schemes) is happening because ordinary people... are not sufficiently aware of where they can put their money,&quot; he said.</p>                                                           
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Home हिन्दी

Chit fund scam: Sudipta Sen breaks down as Debjani Mukherjee sings

Published on May 10, 2013   Modified on May 10, 2013

-The Indian Express Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today. Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources said. Mukherjee, who has been "cooperating" with the police since she was arrested, is likely to become an approver. Officials earlier said that Mukherjee could become approver only after the police verify her statements. In the last two weeks of police custody, Mukherjee has helped investigators trace several documents and trace the money trail of Sen's empire. According to the sources, the documents seized revealed that the company had collected Rs 2,100 crore from the people. Sen needed Rs 850 crore to pay the investors while the company spent around Rs 400 crore as political payments. The company also spent more than Rs 550 crore to pay 35 per cent commission to agents. Police today zeroed in on another businessman's alleged involvement in Saradha. Sen is said to have told the police that he was introduced to a businessman in North 24 Parganas by a senior leader of the Trinamool Congress. The businessman proposed that Sen set up a business of packaged coconut water. The project was accepted and documents prepared. Sen started collecting money for the project which only existed on paper, said a senior police official. The police custody of Sen and Mukherjee ends tomorrow, when both Sen and Mukherjee will be produced before the court. Police officials said Sen would be booked for abetment to suicide of the depositors, several of whom have killed themselves across Bengal in the past few days. RBI questions extra tax to compensate Saradha victims Srinagar: Reserve Bank Governor D Subbarao on Wednesday questioned the fairness of the West Bengal government's proposal to levy additional tax on cigarettes to compensate the victims of the Saradha chit fund scam. "If you go back to the West Bengal Saradha scheme, the Chief Minister said 'I will levy additional taxes on cigarettes and some other things to compensate the people who have lost money' ... Is it fair?" Subbarao said while delivering a lecture to economics students here to mark the Platinum Jubilee celebrations of Jammu & Kashmir Bank. The general principle of banking is that the people who put money in banks should also bear the risk, he said. "Why should all of us support people who put their money in a bank? Do you recognise that the tax payers are compensating the people who invested their money in a bank," he asked. "The reason it (nefarious schemes) is happening because ordinary people... are not sufficiently aware of where they can put their money," he said.

The Indian Express, 9 May, 2013, http://www.indianexpress.com/news/chit-fund-scam-sudipta-sen-breaks-down-as-debjani-mukherjee-sings/1113436/0

Tagged with: Corporate Governance Fraud crime Saradha Group saradha Chit fund Ponzi scheme

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