-PTI Burdwan (WB): About 150 sheets, allegedly copies of petitions filed by depositors related to the Saradha chit fund scam, were found on the side of rail tracks between Kalna and Guptipara stations of Eastern Railway's Howrah-Burdwan section on Sunday. GRP sources said about 150 papers, claimed to be petitions of depositors from Murshidabad and Jharkhand, were spotted ying on the sides of the rail track at Purbo Satgachia station by local...
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Left leaders meet PM, FM, seek CBI probe in chit fund scam
-PTI NEW DELHI: Leaders of Left parties today met the Prime Minister and the Finance Minister and sought a CBI probe into the ponzi scam in West Bengal and stringent measures to tackle fraudulent money pooling activities. The Left parties have been demanding a CBI probe alleging that the Mamata Banerjee government was opposed to such an investigation as it would reveal links of her party with the prime movers of the...
More »Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak
-The Business Standard The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative. "To provide proper facility in the wake of growing financial insecurity, we are thinking of a social...
More »Saradha effect: investors seek return of deposits from companies
-The Hindu Kolkata: The agitation against fraudulent deposit-taking companies continued to spread in the State with the police intervening in some places to prevent the situation spinning out of control. There were instances of agents heckling investors. Demanding that their money be returned, a group of investors protested outside one of the companies at Lake Town near the city on Saturday. At Salt Lake nearby, another company faced the ire of anguished...
More »Sebi says working hard to protect investors from Ponzi schemes
-PTI The regulator is working hard to ensure that small investors' savings are not put to risk, says Sebi chief U.K Sinha With lakhs of investors getting defrauded by Ponzi schemes in West Bengal, Securities and Exchange Board of India (Sebi) chairman U.K Sinha on Wednesday said the regulator is working hard to ensure that small investors' savings are not put to risk. "Within the powers given to us, Sebi is working extremely...
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