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\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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
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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

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')) {

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        LATEST NEWS UPDATES | WB chit fund scam: Governor calls special Assembly session next week    </title>
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Kolkata: West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on..."/>
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Kolkata: West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on..." />
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                            <div align="justify">-CNN-IBN</div><p align="justify"><br /><em>Kolkata: </em>West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session.</p><p align="justify">But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be returned by the Centre so that it could be strengthened further and hopes that the bill will be returned by this evening. Meanwhile, sources have indicated to CNN-IBN that that the Finance Ministry and the Ministry of Corporate Affairs will also brainstorm to discuss the course of action on chit fund operations.</p><p align="justify">This comes as the chit fund scam gets bigger with market regulator Sebi turning the heat on over a dozen other companies running similar Ponzi schemes. People are rushing to withdraw Rs 20,000 crore invested in these companies. </p><p align="justify">Sebi has asked the government to look into the operations of all these companies. One such company is the Rose Valley Group, which has now approached West Bengal Chief Minister Mamata Banerjee seeking protection.</p><p align="justify">Its chairman Goutam Kundu wrote to the CM on April 23 saying that the group has assets worth Rs 10,000 crore and that his depositors were not at risk. Sebi has been trying for years to shut down Rose Valley but in vain.</p><p align="justify">The market regulator also has its eyes on MPS Greenery Developers, but the local courts had stayed Sebi's order. But with the spotlight now on these chit funds and the Trinamool Congress facing fire for their negligence, it is unlikely that Mamata Banerjee will bail them out.</p><p align="justify">Meanwhile, Saradha group promoter Sudipta Sen and two others accused in the West Bengal chit fund scam went through the primary investigation on Thursday. The police has seized mobiles and laptops from the three accused. According to the police, six cases have been filed against Sen, out of which four have been filed by employees who did not receive their salaries.</p><p align="justify">The other two cases were related to money marketing schemes of Saradha Tours and Saradha Realty. The police also said that seven directors of the company will be probed.</p><p align="justify">The Enforcement Directorate (ED) has also registered a money laundering case against Saradha group. More big names entered the fray in the chit fund scam on Thursday. These included a West Bengal Congress MP and Finance Minister P Chidambaram's wife Nalini Chidambaram who was reportedly engaged as a senior advocate to close a Saradha deal.</p><p align="justify">Manoranjana Sinh has stepped in to defend Nalini Chidambaram. In a video message on YouTube, she said Nalini advised her and her husband against accepting Saradha funds for her channel.</p><p align="justify">&quot;Mr Sudipta Sen according to me is a white collar criminal who is trying to creat a smoke screen to confuse people by taking all kinds of names and misrepresenting facts in hope that it will divert the attention from the main crime that he has committed. He claims that he was pressured by Mrs Chidambaram to invest in this project. The whole idea is to show her in poor light as she happens to be the wife of a senior UPA minister. This letter that he is written now is completely baseless untrue and done with a delibrate motive to shift the blame from himself,&quot; Manoranjana said.</p><p align="justify">The Congress MP from Malda, AHK Chowdhury, reportedly wrote a letter in March 2013 to PM, vouching for Saradha group and urging the PM to keep Saradha Realty 'outside the purview of the Reserve Bank of India' because it was 'not a chit fund, microfinance or Non-Banking Finance Deposit Company'.</p><p align="justify">CNN-IBN has accessed the letter. The letter was in direct contrast to a previous letter written by him in which he demands action against the company.</p><p align="justify">Chowdhury, however, later sought to defend himself saying the whole affair was a case of mistaken identity, though not clearly completely clarifying what really happened. &quot;In my previous note, I had made some errors. It was a mistaken identity and I would be sued, so I had to change my opinion... I mistook Sudipta to be someone else... I met Sudipta only six months after my second letter,&quot; he said.</p><p align="justify">In his explosive letter to the CBI, Sen said he was forced into media by TMC MPs Kunal Ghosh and Srinjoy Bose who runs the Pratidin media group. Many high profile names were mentioned in the letter, including those of top TMC politicians, lawyers and journalists. </p>                                                           
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    <h1 class="cat-box-title">WB chit fund scam: Governor calls special Assembly session next week</h1>
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                            <div align="justify">-CNN-IBN</div><p align="justify"><br /><em>Kolkata: </em>West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session.</p><p align="justify">But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be returned by the Centre so that it could be strengthened further and hopes that the bill will be returned by this evening. Meanwhile, sources have indicated to CNN-IBN that that the Finance Ministry and the Ministry of Corporate Affairs will also brainstorm to discuss the course of action on chit fund operations.</p><p align="justify">This comes as the chit fund scam gets bigger with market regulator Sebi turning the heat on over a dozen other companies running similar Ponzi schemes. People are rushing to withdraw Rs 20,000 crore invested in these companies. </p><p align="justify">Sebi has asked the government to look into the operations of all these companies. One such company is the Rose Valley Group, which has now approached West Bengal Chief Minister Mamata Banerjee seeking protection.</p><p align="justify">Its chairman Goutam Kundu wrote to the CM on April 23 saying that the group has assets worth Rs 10,000 crore and that his depositors were not at risk. Sebi has been trying for years to shut down Rose Valley but in vain.</p><p align="justify">The market regulator also has its eyes on MPS Greenery Developers, but the local courts had stayed Sebi's order. But with the spotlight now on these chit funds and the Trinamool Congress facing fire for their negligence, it is unlikely that Mamata Banerjee will bail them out.</p><p align="justify">Meanwhile, Saradha group promoter Sudipta Sen and two others accused in the West Bengal chit fund scam went through the primary investigation on Thursday. The police has seized mobiles and laptops from the three accused. According to the police, six cases have been filed against Sen, out of which four have been filed by employees who did not receive their salaries.</p><p align="justify">The other two cases were related to money marketing schemes of Saradha Tours and Saradha Realty. The police also said that seven directors of the company will be probed.</p><p align="justify">The Enforcement Directorate (ED) has also registered a money laundering case against Saradha group. More big names entered the fray in the chit fund scam on Thursday. These included a West Bengal Congress MP and Finance Minister P Chidambaram's wife Nalini Chidambaram who was reportedly engaged as a senior advocate to close a Saradha deal.</p><p align="justify">Manoranjana Sinh has stepped in to defend Nalini Chidambaram. In a video message on YouTube, she said Nalini advised her and her husband against accepting Saradha funds for her channel.</p><p align="justify">&quot;Mr Sudipta Sen according to me is a white collar criminal who is trying to creat a smoke screen to confuse people by taking all kinds of names and misrepresenting facts in hope that it will divert the attention from the main crime that he has committed. He claims that he was pressured by Mrs Chidambaram to invest in this project. The whole idea is to show her in poor light as she happens to be the wife of a senior UPA minister. This letter that he is written now is completely baseless untrue and done with a delibrate motive to shift the blame from himself,&quot; Manoranjana said.</p><p align="justify">The Congress MP from Malda, AHK Chowdhury, reportedly wrote a letter in March 2013 to PM, vouching for Saradha group and urging the PM to keep Saradha Realty 'outside the purview of the Reserve Bank of India' because it was 'not a chit fund, microfinance or Non-Banking Finance Deposit Company'.</p><p align="justify">CNN-IBN has accessed the letter. The letter was in direct contrast to a previous letter written by him in which he demands action against the company.</p><p align="justify">Chowdhury, however, later sought to defend himself saying the whole affair was a case of mistaken identity, though not clearly completely clarifying what really happened. &quot;In my previous note, I had made some errors. It was a mistaken identity and I would be sued, so I had to change my opinion... I mistook Sudipta to be someone else... I met Sudipta only six months after my second letter,&quot; he said.</p><p align="justify">In his explosive letter to the CBI, Sen said he was forced into media by TMC MPs Kunal Ghosh and Srinjoy Bose who runs the Pratidin media group. Many high profile names were mentioned in the letter, including those of top TMC politicians, lawyers and journalists. </p>                                                           
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Kolkata: West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on..." />
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                            <div align="justify">-CNN-IBN</div><p align="justify"><br /><em>Kolkata: </em>West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session.</p><p align="justify">But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be returned by the Centre so that it could be strengthened further and hopes that the bill will be returned by this evening. Meanwhile, sources have indicated to CNN-IBN that that the Finance Ministry and the Ministry of Corporate Affairs will also brainstorm to discuss the course of action on chit fund operations.</p><p align="justify">This comes as the chit fund scam gets bigger with market regulator Sebi turning the heat on over a dozen other companies running similar Ponzi schemes. People are rushing to withdraw Rs 20,000 crore invested in these companies. </p><p align="justify">Sebi has asked the government to look into the operations of all these companies. One such company is the Rose Valley Group, which has now approached West Bengal Chief Minister Mamata Banerjee seeking protection.</p><p align="justify">Its chairman Goutam Kundu wrote to the CM on April 23 saying that the group has assets worth Rs 10,000 crore and that his depositors were not at risk. Sebi has been trying for years to shut down Rose Valley but in vain.</p><p align="justify">The market regulator also has its eyes on MPS Greenery Developers, but the local courts had stayed Sebi's order. But with the spotlight now on these chit funds and the Trinamool Congress facing fire for their negligence, it is unlikely that Mamata Banerjee will bail them out.</p><p align="justify">Meanwhile, Saradha group promoter Sudipta Sen and two others accused in the West Bengal chit fund scam went through the primary investigation on Thursday. The police has seized mobiles and laptops from the three accused. According to the police, six cases have been filed against Sen, out of which four have been filed by employees who did not receive their salaries.</p><p align="justify">The other two cases were related to money marketing schemes of Saradha Tours and Saradha Realty. The police also said that seven directors of the company will be probed.</p><p align="justify">The Enforcement Directorate (ED) has also registered a money laundering case against Saradha group. More big names entered the fray in the chit fund scam on Thursday. These included a West Bengal Congress MP and Finance Minister P Chidambaram's wife Nalini Chidambaram who was reportedly engaged as a senior advocate to close a Saradha deal.</p><p align="justify">Manoranjana Sinh has stepped in to defend Nalini Chidambaram. In a video message on YouTube, she said Nalini advised her and her husband against accepting Saradha funds for her channel.</p><p align="justify">&quot;Mr Sudipta Sen according to me is a white collar criminal who is trying to creat a smoke screen to confuse people by taking all kinds of names and misrepresenting facts in hope that it will divert the attention from the main crime that he has committed. He claims that he was pressured by Mrs Chidambaram to invest in this project. The whole idea is to show her in poor light as she happens to be the wife of a senior UPA minister. This letter that he is written now is completely baseless untrue and done with a delibrate motive to shift the blame from himself,&quot; Manoranjana said.</p><p align="justify">The Congress MP from Malda, AHK Chowdhury, reportedly wrote a letter in March 2013 to PM, vouching for Saradha group and urging the PM to keep Saradha Realty 'outside the purview of the Reserve Bank of India' because it was 'not a chit fund, microfinance or Non-Banking Finance Deposit Company'.</p><p align="justify">CNN-IBN has accessed the letter. The letter was in direct contrast to a previous letter written by him in which he demands action against the company.</p><p align="justify">Chowdhury, however, later sought to defend himself saying the whole affair was a case of mistaken identity, though not clearly completely clarifying what really happened. &quot;In my previous note, I had made some errors. It was a mistaken identity and I would be sued, so I had to change my opinion... I mistook Sudipta to be someone else... I met Sudipta only six months after my second letter,&quot; he said.</p><p align="justify">In his explosive letter to the CBI, Sen said he was forced into media by TMC MPs Kunal Ghosh and Srinjoy Bose who runs the Pratidin media group. Many high profile names were mentioned in the letter, including those of top TMC politicians, lawyers and journalists. </p>                                                           
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    <br><a href="http://ibnlive.in.com/news/wb-chit-fund-scam-governor-calls-special-assembly-session-next-week/387895-37-64.html" class="re" target="_blank">CNN-IBN, 26 April, 2013, http://ibnlive.in.com/news/wb-chit-fund-scam-governor-calls-special-assembly-session-next-week/387895-37-64.html</a><div class="clear"></div>
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Home हिन्दी

WB chit fund scam: Governor calls special Assembly session next week

Published on Apr 26, 2013   Modified on Apr 26, 2013

-CNN-IBN Kolkata: West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session. But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be returned by the Centre so that it could be strengthened further and hopes that the bill will be returned by this evening. Meanwhile, sources have indicated to CNN-IBN that that the Finance Ministry and the Ministry of Corporate Affairs will also brainstorm to discuss the course of action on chit fund operations. This comes as the chit fund scam gets bigger with market regulator Sebi turning the heat on over a dozen other companies running similar Ponzi schemes. People are rushing to withdraw Rs 20,000 crore invested in these companies. Sebi has asked the government to look into the operations of all these companies. One such company is the Rose Valley Group, which has now approached West Bengal Chief Minister Mamata Banerjee seeking protection. Its chairman Goutam Kundu wrote to the CM on April 23 saying that the group has assets worth Rs 10,000 crore and that his depositors were not at risk. Sebi has been trying for years to shut down Rose Valley but in vain. The market regulator also has its eyes on MPS Greenery Developers, but the local courts had stayed Sebi's order. But with the spotlight now on these chit funds and the Trinamool Congress facing fire for their negligence, it is unlikely that Mamata Banerjee will bail them out. Meanwhile, Saradha group promoter Sudipta Sen and two others accused in the West Bengal chit fund scam went through the primary investigation on Thursday. The police has seized mobiles and laptops from the three accused. According to the police, six cases have been filed against Sen, out of which four have been filed by employees who did not receive their salaries. The other two cases were related to money marketing schemes of Saradha Tours and Saradha Realty. The police also said that seven directors of the company will be probed. The Enforcement Directorate (ED) has also registered a money laundering case against Saradha group. More big names entered the fray in the chit fund scam on Thursday. These included a West Bengal Congress MP and Finance Minister P Chidambaram's wife Nalini Chidambaram who was reportedly engaged as a senior advocate to close a Saradha deal. Manoranjana Sinh has stepped in to defend Nalini Chidambaram. In a video message on YouTube, she said Nalini advised her and her husband against accepting Saradha funds for her channel. "Mr Sudipta Sen according to me is a white collar criminal who is trying to creat a smoke screen to confuse people by taking all kinds of names and misrepresenting facts in hope that it will divert the attention from the main crime that he has committed. He claims that he was pressured by Mrs Chidambaram to invest in this project. The whole idea is to show her in poor light as she happens to be the wife of a senior UPA minister. This letter that he is written now is completely baseless untrue and done with a delibrate motive to shift the blame from himself," Manoranjana said. The Congress MP from Malda, AHK Chowdhury, reportedly wrote a letter in March 2013 to PM, vouching for Saradha group and urging the PM to keep Saradha Realty 'outside the purview of the Reserve Bank of India' because it was 'not a chit fund, microfinance or Non-Banking Finance Deposit Company'. CNN-IBN has accessed the letter. The letter was in direct contrast to a previous letter written by him in which he demands action against the company. Chowdhury, however, later sought to defend himself saying the whole affair was a case of mistaken identity, though not clearly completely clarifying what really happened. "In my previous note, I had made some errors. It was a mistaken identity and I would be sued, so I had to change my opinion... I mistook Sudipta to be someone else... I met Sudipta only six months after my second letter," he said. In his explosive letter to the CBI, Sen said he was forced into media by TMC MPs Kunal Ghosh and Srinjoy Bose who runs the Pratidin media group. Many high profile names were mentioned in the letter, including those of top TMC politicians, lawyers and journalists.

CNN-IBN, 26 April, 2013, http://ibnlive.in.com/news/wb-chit-fund-scam-governor-calls-special-assembly-session-next-week/387895-37-64.html

Tagged with: Saradha Group Chit fund Corporate Governance Fraud crime

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