-IANS Kolkata: West Bengal chief minister Mamata Banerjee on Thursday came in for sharp criticism from within her party and the opposition after she suggested people to "smoke more" to provide compensation to victims of a chit fund scam. "Smoking is bad.. let there be tax on it. But am I responsible for what Sudipta Sen did? Why should I pay more tax on every cigarette I smoke? I haven't fleeced the...
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Money laundering case against Saradha group filed
-PTI In further trouble for the Ponzi scheme scam-hit Saradha group of Kolkata, the Enforcement Directorate (ED) has registered a money laundering case to probe the allegations of financial irregularities by numerous depositors against it. The ED has registered a regular case under the provisions of the Prevention of Money Laundering Act (PMLA) at its Guwahati office as the Assam police has registered an FIR against the group after allegations were made...
More »Bengal chit fund kingpin's run through N India ends in J&K, held in Sonamarg -Madhuparna Das and Bashaarat Masood
-The Indian Express Srinagar, Kolkata: Sudipta Sen, the absconding alleged kingpin of West Bengal's multi-crore chit fund scam, was picked up along with two senior employees of his company at a hotel in the picturesque resort town of Sonamarg on the Srinagar-Leh highway late on Monday evening. Police officers from West Bengal have confirmed their identities, and are likely to get formal custody of the trio after they are presented in court...
More »I was used, blackmailed by Trinamool MPs: Saradha Group CMD to CBI -Madhuparna Das
-The Indian Express Kolkata: Saradha Group CMD Sudipta Sen has sent an 18-page letter to the CBI containing names of several key politicians, officials and legal experts who allegedly milked the company for money. The letter, which reached the CBI in Delhi as Sen remained at large, was forwarded by the agency to its office in Kolkata, and it was subsequently referred to the Bidhannagar police commissionerate. Bidhannagar police commissioner Rajeev Kumar received...
More »‘Boxed in’, Sebi too late
-The Telegraph Mumbai: The Securities and Exchange Board of India (Sebi) today asked Saradha Realty India to wind up its collective investment schemes and refund investors within three months. The company as well as its managing director Sudipto Sen have been prohibited from accessing the capital markets until all collective investment schemes are wound up and the refunds are complete. Legal proceedings and steps to wind up Saradha Realty would also be...
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