-The Hindu Business Line Kolkata: Everyone knew that the bomb was ticking. But, there was not much action to curb the mushrooming ponzi schemes that were collecting thousands of crores from hapless investors across West Bengal since 2007-08. Some promised to grow money by 34 times in 25 years by investing in teak bonds. Others offered to double money in 15 months by investing in the potato trade. As a result, investments...
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Glare on Mukul’s play, Amit’s miss
-The Telegraph Kolkata: The Mamata Banerjee government is scrambling to stitch together a cogent response to the default crisis that is escalating by the hour. The ruling establishment's agony has been compounded by the close ties several of its ministers, MPs and MLAs had nurtured with the collapsed Saradha Group. Within Trinamul and the government, questions are being asked about what senior leaders and ministers were doing while the crisis was building up...
More »Chit-fund scam: Saradha agents lay siege to Mamata house -Saibal Sen & Caesar Mandal
-The Times of India Kolkata: Bengal is sitting on a powder keg. And the fuse could well have been lit on Friday as a 33-year-old agent of Saradha Group, a chit fund company that has gone bust, committed suicide being unable to pay his depositors while over 3,000 agents laid siege to chief minister Mamata Banerjee's residence in protest against the lockdown. The turn of events has triggered fears of a repeat...
More »Arrested Left student leader chained to bed in government hospital
-PTI Kolkata/ Siliguri: In a controversial incident, a leader of Communist Party of India (Marxist) student wing who was arrested after a clash with ruling Trinamool Congress activists was chained to his bed at a state-run hospital in judicial custody. The first-year student, Santosh Sahani, a member of the Students Federation of India, was arrested on April 10 after a clash between Trinamool Congress and Left supporters in Siliguri. The chain was later...
More »In teary spectacle on TV, the crisis of Bengal's 'chit fund media' -Subrata Nagchoudhury
-The Indian Express On Monday, the Bengali new year's day, viewers who tuned into Bengali music channel Tara Muzik witnessed a spectacle never seen before on Indian TV. Anchors of the channel and independent artistes called in to present Barsha Baran, a programme to celebrate the new year 1420, wept copiously on camera while announcing that the channel, facing an unprecedented "crisis of survival", was shutting down. Hundreds of viewers commiserated with...
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