-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...

-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...

-The Hindu     This can help reconcile differences:WIPO Director-General Istanbul: The World Intellectual Property Organisation (WIPO), a United Nations body, has pointed out the need for a second interpretation of global intellectual property law, one that balances social benefit with the need to protect Investment. This balancing could help reconcile the differences between developing nations such as India, and the concerns of multi-national companies and developed nations, according to Francis Gurry, Director-General of the...

-PTI The corporate affairs ministry is likely to order a probe into functioning of Saradha group companies amid growing controversy over the Kolkata-based entity allegedly duping thousands of investors. Corporate affairs minister Sachin Pilot along with senior ministry officials would hold a meeting on Thursday to look into the functioning of various chit funds including issues related to Saradha group companies. A senior official said the ministry is likely to order a probe...

-PTI On the back foot over the chit fund scam in West Bengal, Trinamool Congress on Thursday raised questions over the role of a senior Chennai-based lawyer who happens to be wife of the Union finance minister. Sudipta Sen, chairman of the scandal-ridden Saradha group, who was arrested two days ago, has said in a purported letter to CBI that politicians, journalists and lawyers had blackmailed him and taken money assuring him...