-The Hindu Kolkata: Emphasising the need for deploying Central paramilitary forces for conducting free and fair rural polls in the State, counsel for the State Election Commission told the Calcutta High Court here on Thursday that it was akin to handing over investigations of a sensitive case to the Central Bureau of Investigations (CBI) to ensure an "impartial" probe. At the hearing, counsel for the Commission Samaraditya Pal, cited various instances where...
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Where there is a will, not bill, there is a way
-The Telegraph Two Companies running investment schemes have been shut down in Bengal within 48 hours of little more than an assertion by the chief minister, raising questions why the Trinamul government dragged its feet on Saradha by citing lack of legislation and complaints. Police have sealed some offices of MPS Greenery Developers Ltd and Prayag Infotech Hi-Rise Ltd following complaints of cheating. Both figure on a list of Companies against which...
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...
More »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 »Rules against chit funds stuck in Delhi-Amit Gupta
-The Telegraph Ranchi: Sluggish economy and soaring personal aspirations are teaming up to create fertile ground for quick-rich chit fund schemes and non-banking finance Companies such as the now-infamous Saradha to mushroom, but rules to give Jharkhand investors the much-needed safety net are hanging fire since over a year. Jharkhand Assembly had early last year forwarded rules framed by the state's institutional finance department for the President's consideration under The Chit Funds...
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