-The Telegraph Kolkata: The Special Investigation Team (SIT) set up by the chief minister has asked district superintendents of police to initiate against Sudipta Sen cases of abetting the suicide of depositors. The SIT, led by director-general of police Naparajit Mukherjee, held a meeting today to discuss the strategy to pin down the Saradha Group chief for masterminding the default crisis that allegedly led five depositors to commit suicide in the districts. "Other...
More »SEARCH RESULT
Total Matching Records found : 528
West Bengal chit fund scam hits the state's Film industry -Priyanka Gupta
-CNN-IBN Kolkata: The West Bengal chit fund is getting bigger each day. It has now turns out that ponzi schemes in the state financed not just media houses but Tollywood Films as well. In the past four years, at least one in three Films has been produced by groups that run ponzi schemes. Rose Valley, a deposit-taking company which is now under the MCA scanner, has produced 18 Films including three National...
More »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...
More »Bengal's Film industry dances to ponzi fund tune -Anindita Acharya
-The Hindustan Times The meltdown of the Saradha Group and subsequent focus on the state's multiple ponzi scams are hitting Bengal's Film industry where it hurts the most - right in the pocket. The release of Asharey Gappo, a Film funded by Angel Cinevision & Media - a deposit-taking company (popularly known as a ponzi fund) - has now been postponed indefinitely, even though the funding company does not have any apparent...
More »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....
More »
