-The Indian Express Srinagar, Kolkata: Sudipta Sen, the absconding alleged kingpin of West Bengal's multi-crore chit fund scam, was picked up along with two senior employees of his company at a hotel in the picturesque resort town of Sonamarg on the Srinagar-Leh highway late on Monday evening. Police officers from West Bengal have confirmed their identities, and are likely to get formal custody of the trio after they are presented in court...
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Mani push for panchayats-Basant Kumar Mohanty
-The Telegraph A jump in the Centre's annual social welfare spending from Rs 7,500 crore in 1991 to Rs 3 lakh crore now has failed to make much difference on the ground because panchayati raj institutions are being kept away from implementation of the schemes, a committee has found. The committee headed by senior Congress leader Mani Shankar Aiyar, in its report released on the eve of National Panchayat Day, pitched for...
More »The scholar who grew up in Mumbai's red light area- Abhishek Mande
-Rediff.com Born in Mumbai's infamous red-light district, Shweta Katti has won a scholarship to the Bard College, New York. This is her story. Shweta Katti is warming up to the media attention she's been receiving lately. She has had a long day but has agreed to meet me at a coffee shop for what must have been the nth interview she's giving in the last 48 hours. It is close to 10 in...
More »West Bengal chit fund scam: Knives out for tainted Trinamool MPs
-The Times of India KOLKATA: The inferno triggered in a million homes by the Saradha meltdown has singed the ruling Trinamool Congress. The heat was palpable at an informal meeting of Trinamool MPs at Parliament's Central Hall on Tuesday when the knives were out against the tainted partymen who have harmed Didi's Ma-Mati-Manush image. With Sudipta Sen in custody, at least two heads in the Trinamool are set to roll, say party...
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...
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