-The Indian Express FOR Suranjan and Tumpa Choudhury, a couple from Madhyamgram in North 24-Parganas district, darkness has descended for the second time in their lives. In 2007, Suranja lost his job after the factory, where he worked shut down abruptly. He was then 36. A friend of him advised him to invest in Saradha Group and become an agent of the company. He had no other option than to accept...
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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...
More »UN Special Rapporteur visits Manipur, weeps-Iboyaima Laithangbam
-The Hindu Imphal: Rashida Manjoo, U.N. Special Rapporteur on violence against women, its causes and consequences, broke down and wept for a few minutes uncontrollably on Sunday during a consultative meeting here. It was attended by about 200 human rights defenders, families of victims and civil society organisations. The frail mother of Manorama Thangjam, who was arrested, raped and shot dead allegedly by some personnel of 17 Assam Rifles on July...
More »Govt's anti-black money dept left toothless -Pradeep Thakur
-The Times of India A year after the UPA presented a white paper on black money in Parliament, spelling out strategy to curb generation of illicit money and preventing its offshore flight, one of the most potent weapons created to tackle the menace and bring offenders to book - theincome tax department's Directorate of Criminal Investigation (DCI) - stands dismantled and powerless. The last search-and-survey operation, better known as I-T raids,...
More »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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