-PTI Srinagar: The Jammu & Kashmir Police on Tuesday detained Saradha group chairman & managing director Sudipto Sen and a director of the company from Sonamarg, where they had fled after their Calcutta-based chit fund business collapsed last week leaving thousands of depositors and agents stranded. "We have detained Sudipto Sen and Debjani Mukherjee, chairman-cum-managing director and a director of the Saradha group respectively, and Arvind from Sonamarg," the inspector general of...
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What the govt balance sheet shows-The words and deeds
-The Telegraph Kolkata: Chief minister Mamata Banerjee today flagged a four-member panel headed by a retired judge, a task force and an ordinance in her first comprehensive comments on the Saradha Group collapse that has triggered fears of a default contagion in Bengal. It was not clear if it was a stray remark or addressed at those seeking immediate relief for depositors but the chief minister also said that "ja gechhey ta...
More »Deposit schemes: Blame game starts as Bengal grapples with fallout
-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...
More »Juvenile homes are hellholes, says report on child rape -Aarti Dhar
-The Hindu Asian Centre for Human Rights blames Centre, States for continuing assault There was a 336 per cent increase in child rape cases in the country between 2001 and 2011, a large number of the crimes committed in juvenile justice homes run and aided by the government. Citing National Crime Records Bureau statistics, the latest report on child sexual assaults in India says 48,338 rape cases were reported during the decade. Tip of...
More »With police help, banned Naxal group takes on Maoists in Jharkhand -Deepu Sebastian Edmond
-The Indian Express As coming-of-age rituals go, the Tritiya Sammelan Prastuti Committee (TSPC) couldn't have planned it better. Acting on intelligence by its cadre, it moved in on a group of Maoists in Chatra district's Lawalong Tola on the intervening night of March 27-28, killing 10. Among the dead was Lalesh Yadav, secretary of the Bihar-Jharkhand-North Chhattisgarh Special Area Committee, and his closest subordinates, thus leaving a vacuum at the heart...
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