-The Hoot A huge media conglomerate was built up by a chit fund company which has now collapsed. Can the West Bengal government whose MP was part of the empire disclaim responsibility, asks SAADIA. About 1400 journalists have lost their jobs because a chit fund company's little-known Chief Managing Director ventured to become a media mogul in West Bengal some three years back. Almost every three months, the Saradha Group that had...
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HC summons Honey Singh for singing vulgar songs
-The Hindustan Times Chandigarh: Expressing disappointment on the vulgar songs being sung by Punjabi rapper(singer) Honey Singh, also known as Yo Yo Honey Singh, the Punjab and Haryana high court has summoned him to the court personally on May 14 for explanation. The directions came from the division bench comprising acting chief justice Jasbir Singh and justice Rakesh Kumar Jain on a public interest litigation filed by a non-governmental organisation, HELP...
More »The fall of Saradha group revives old ghosts of ponzi schemes going bust -Atmadip Ray
-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
More »Saradha chit fund mess: Quick-rich dreams lie crushed -Krishnendu Bandyopadhyay
-The Times of India DAKSHIN BARASAT (South 24-Parganas): Every other house in this part of Bengal has a rags-to-riches-to-rags story. Saradha Group showed them a dream that was unbelievable when it lasted. But then reality struck a hard, bitter blow. Sixty-year-old Dulal Chandra Gharami walked back home tense on Monday afternoon. He was summoned to the Trinamool Congress office at Beliadanga, where he was asked to cough up protection money. For last four...
More »Despite minor girl’s testimony, police sit on child sex racket case-Amruta Byatnal
-The Hindu Dhule (Maharashtra): A teenage girl's degrading journey from a small village in Nashik to a brothel here ended in February, but no concrete steps have been taken to ensure that such stories do not repeat. Activists alleged that while the brothel-owners and some of their accomplices were arrested, the police chose to ignore a sex racket involving minor girls that is flourishing in the State. Speaking exclusively to The Hindu...
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