-The Telegraph Two companies running investment schemes have been shut down in Bengal within 48 hours of little more than an assertion by the chief minister, raising questions why the Trinamul government dragged its feet on Saradha by citing lack of legislation and complaints. Police have sealed some offices of MPS Greenery Developers Ltd and Prayag Infotech Hi-Rise Ltd following complaints of cheating. Both figure on a list of companies against which...
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The curious case of 5,984 Kalawatis in Sahara list -Appu Esthose Suresh
-The Indian Express By May 2, Sahara India Real Estate Corporation Ltd (SIRECL) has to prove the "genuineness" of all its investors to the Supreme Court. It has a difficult task on its hands: the name ‘Kalawati' figures 5,984 times on that list, same names appear against different locations, and geography takes a giant leap with ‘Jaipur Nagpur Maharashtra' and ‘187 Aurangabad Lucknow UP' mentioned as addresses. SIRECL had given the list...
More »Abetment to suicide charge looms on Sen
-The Telegraph Kolkata: The Special Investigation Team (SIT) set up by the chief minister has asked district superintendents of police to initiate against Sudipta Sen cases of abetting the suicide of depositors. The SIT, led by director-general of police Naparajit Mukherjee, held a meeting today to discuss the strategy to pin down the Saradha Group chief for masterminding the default crisis that allegedly led five depositors to commit suicide in the districts. "Other...
More »The Political Economy of Shadow Finance in West Bengal-Subhanil Chowdhury
-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...
More »A missing girl, a known militant story in Manipur -Esha Roy
-The Indian Express Imphal: Alice Kamei had been missing for two days when Sundari got the call. What the voice on the other end said about her 14-year-old daughter has turned the world of this family living in Chingphu Kabui village in Manipur's Bishnupur district upside down. "It was a call from the RPF (Revolutionary People's Front). They said that Alice had come to them of her own will," says Sundari. "They...
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