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CBI chief to SC: Yes, shared last coalgate report with govt. No, latest report not shown

-The Telegraph Prime Minister Manmohan Singh held consultations with senior leaders of his government after the Central Bureau of Investigation admitted to the Supreme Court that it had shared its status report on the coal-block allocation scam with ministers and officials. CBI director Ranjit Sinha said in his affidavit that the agency had shared the report with Union law minister Ashwani Kumar "as desired by him" and that senior officials of the...

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Trinamool runs aground: It is foundering on Bengal’s cheat funds and could well sink with them -Abheek Barman

-The Times of India The collapse of Saradha Group, promoted by Sudipta Sen, is the greatest threat yet to Mamata Banerjee's Trinamool Congress regime in Bengal. It could also imperil the finances of millions of people in Bengal, Assam, Jharkhand, Bihar, Orissa and eastern Uttar Pradesh. Trinamool's blatant association with the bigwigs of Saradha, which raised vast amounts of money from poor people before collapsing, is a potentially fatal political body blow....

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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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WB chit fund scam: Governor calls special Assembly session next week

-CNN-IBN Kolkata: West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session. But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be returned by the Centre so that it could...

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Rs 4,000 cr at stake, SEBI asks Bengal to probe five more chit fund companies -Madhuparna Das

-The Indian Express Kolkata: As the investigation into the Saradha chit fund scam threatens to reach the doorstep of the Trinamool Congress, the markets watchdog is learnt to have warned of a larger, more frightening scenario: similar Ponzi schemes run by at least five other companies in West Bengal, involving over Rs 4,000 crore of small investors' money. In its latest communication sent to the state government, the Securities and Exchange Board...

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