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Mamata Banerjee seeks to blame Centre for chit fund scam

-PTI Kolkata: West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive depositors towards ponzi schemes. "It is because the Centre has reduced the interest rates in small savings in the post office, poor people and those who have retired keep their money in these chit funds with...

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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...

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Music to govt ears: Sen sings ‘CPM’

-The Telegraph Kolkata: Arrested Saradha Group chief Sudipta Sen, the architect of the default crisis in Bengal, has said he had approached several CPM leaders over his business, police said. Sen, who was brought to Calcutta late last night and kept in police custody before his court production this afternoon, has told the police he had met a CPM state committee member in 2008 over a possible investment in a news channel...

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Policeman who tried to hush up 5-year-old’s rape identified

-The Indian Express New Delhi: Constable claims seniors instructed him to hand Rs 2,000 to girl's father. The Delhi Police on Wednesday claimed to have identified the policeman who allegedly offered a bribe of Rs 2,000 to the family of the five-year-old rape victim. According to Vigilance Wing officers, the constable was identified by the child's father. The constable reportedly told investigators that he had offered the money to the family at the...

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MLA grabs land meant for landless farmers-Imran Gowhar

-The Hindu Bangalore: Rajarajeshwarinagar MLA M. Srinivas has been booked by the Bangalore Metropolitan Task Force (BMTF) for grabbing five acres of government land in Kaggalipura village, Uttarahalli hobli, in Bangalore South, which was meant for landless farmers. The Bharatiya Janata Party leader, in the thick of his re-election campaign, allegedly sanctioned the land to his supporters as president of the Bagair Hukum Committee, said BMTF sources. The April 20 first information...

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