-The Telegraph Bengal - Defrauded Many households in Calcutta have a domestic help or a driver who has lost money by investing in Saradha schemes - a common thread that has spun a perception that the poor are the sole victims of the sham company. But Sudipta Sen's promise of high returns had blurred the divide between the haves and the have-nots as well as the educated and the uneducated. Travels across the semi-urban...
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Cops on a roll on Saradha agent’s gifts -Monalisa Chaudhuri and Debashis Chattopadhyay
-The Telegraph Kolkata: Proceeds from the Saradha Group kept Bengal police on the move - at least in Baruipur, according to information stumbled upon by investigators into the default scandal. The police have learnt that Arindam Das, an agent who apparently made the highest collections from Baruipur in South 24-Parganas, had gifted two Tata Sumos (WB26R6763 and WB20U6409) to the local police station. "The two SUVs used in Baruipur police station were gifts...
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 »Now, a Bill for protection and welfare of widows-Aarti Dhar
-The Hindu The Bill is a slight improvement on a Private Member's Bill tabled in 2007 Varanasi (UP): Taking forward the movement on improving the plight of widows in the country, a Bill has now been drafted for the protection, welfare and maintenance of such women. The draft Bill prepared by Sulabh International seeks to provide for measures to be undertaken by the state for the protection, welfare and maintenance of neglected, abandoned...
More »Saradha Group donated heavily to Trinamool govt, bought Mamata's art -Madhuparna Das and Subrata Nagchoudhury
-The Indian Express Kolkata: When the Saradha Group's Bengali daily Sakalbela began publication, Mamata Banerjee sent her best wishes. It was more than a customary greeting. It was an impassioned message that seemed to have come from the chief minister's heart. "We will have to pass the dark night to begin our journey in the light of dawn," she said. "An alert conscience, right direction, truth and fearless news is what people...
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