-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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CBI team to peruse deposit scam details
-The Telegraph Guwahati: The CBI is sending a team to Guwahati on Tuesday to "screen" the cases registered against fraud deposit collecting companies in the state. Press adviser to the Assam chief minister, Bharat Chandra Narah, told The Telegraph, "A CBI team will reach here on Tuesday to examine the cases and after that, we will start the formalities of handing over the cases to them." "This shows the seriousness with which the...
More »In story of Saradha's crores, Bengal's forgotten hundreds -Madhuparna Das
-The Indian Express West Bengal is not new to chit fund scams. What is unique to the Saradha Group scandal is how it targeted the poorest and the most marginalised, leaving them on the verge of devastation. From 17-year-old agents who raised money from depositors to 50-year-old widows who invested money, the Saradha Group didn't discriminate in roping them in. Since the house of cards started collapsing, two agents and two...
More »CBI verdict wait for Kunal
-The Telegraph Calcutta: Trinamul MP Kunal Ghosh's future in the party is expected to be decided after Calcutta High Court rules on two petitions by Saradha depositors seeking a CBI probe into the sham deposit-mobilisation scandal, party sources told The Telegraph. "Our leaders have been worried since the court indicated on April 25 that it was contemplating a CBI probe," a party source said. "(If action is taken now), Kunal may try to...
More »The Larger Implications of the Novartis Glivec Judgment-Sudip Chaudhuri
-Economic and Political Weekly The Supreme Court judgment on the Novartis-Glivec case is remarkable because it has gone beyond the specific technical and legal issues surrounding patents and has put the matter in a much larger political and economic perspective. The deeper implication of the judgment is that it is not only justified to deny patents when incremental innovation is trivial as in the Glivec case. The judgment has linked the...
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