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Saradha effect: investors seek return of deposits from companies

-The Hindu Kolkata: The agitation against fraudulent deposit-taking companies continued to spread in the State with the police intervening in some places to prevent the situation spinning out of control. There were instances of agents heckling investors. Demanding that their money be returned, a group of investors protested outside one of the companies at Lake Town near the city on Saturday. At Salt Lake nearby, another company faced the ire of anguished...

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Parliamentary panel approves bill to empower EC on seat nomenclature

-PTI A Parliamentary committee has approved a bill which seeks to give limited powers to the Election Commission to determine change in nomenclature of a parliamentary or assembly seat where a caste has been included or excluded from the SC/ST list in the last one decade. The Readjustment of Representation of Scheduled Castes and Scheduled Tribes in Parliamentary and Assembly Constituencies Bill, 2013 was referred to the Standing Committee on Law...

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Soni Sori acquitted in a case of attack on leader-Suvojit Bagchi

-The Hindu Kolkata: Soni Sori, the tribal school teacher accused of acting as a courier between Essar Steel and the outlawed Communist Party of India (Maoist), and Lingaram Kodopi, activist-journalist trained in Delhi, have been acquitted in one more crucial case by a Dantewada court. Fifteen others, including activists of various mainstream political parties, were also acquitted. Among them were Congress leader Vijay Sodi, CPI leader Lala Ram Kunjam and a panchayat...

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Mamata Banerjee seeks to blame Centre for chit fund scam

-PTI Kolkata: West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive depositors towards ponzi schemes. "It is because the Centre has reduced the interest rates in small savings in the post office, poor people and those who have retired keep their money in these chit funds with...

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Mamata's nephew a party to Ponzi schemes: CPM

-The Hindustan Times Demanding a CBI inquiry into Saradha Group financial scam, CPI(M) has accused chief minister Mamata Banerjee's nephew of being involved in Ponzi schemes. "Mamata Banerjee's nephew Abhishek Banerjee, who is the leader of Trinamool Youth Congress, runs a company which is involved in real estate and micro-finance and has made a huge amount of money in the last two to three years. Its turnover has skyrocketed to 300 crores...

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