-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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CBI Team to peruse deposit scam details
-The Telegraph Guwahati: The CBI is sending a Team to Guwahati on Tuesday to "screen" the cases registered against fraud deposit collecting companies in the state. Press adviser to the Assam chief minister, Bharat Chandra Narah, told The Telegraph, "A CBI Team will reach here on Tuesday to examine the cases and after that, we will start the formalities of handing over the cases to them." "This shows the seriousness with which the...
More »Coalgate probe: SC livid, vows to rid CBI of all interference -Dhananjay Mahapatra
-The Times of India The Supreme Court ripped apart the myth of CBI's autonomy on Tuesday by exposing that it was under the thumb of the government of the day. The apex court tore into the government for seeking to vet the CBI's status report to the SC on the Coalgate scam and subvert it. The court didn't mince words while saying that the government's attempt to change the investigation status report...
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 »“Why was court not told draft was shared with executive?”-J Venkatesan
-The Hindu The Supreme Court on Tuesday directed the CBI Director to file an affidavit explaining why in the agency's status report dated March 8 no disclosure was made that the draft was shared with the executive and officials. A Bench of Justices R.M. Lodha, Madan B. Lokur and Kurian Joseph also wanted the CBI to indicate on what basis an assertive statement was made at the March 12 hearing, through its...
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