-The Hindu Business Line There can be no denying the need for a legal framework to ensure that the likes of Saradha do not take the entire financial system for a ride. But that said, there will always be greedy investors, willing to be taken in by the tall promises of unscrupulous operators. The latter's task is made easier by loopholes in the law. Hence, Ponzi operators used the legal loopholes...
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Saradha Group donated heavily to Trinamool govt, bought Mamata's art -Madhuparna Das and Subrata Nagchoudhury
-The Indian Express Kolkata: When the Saradha Group's Bengali daily Sakalbela began publication, Mamata Banerjee sent her best wishes. It was more than a customary greeting. It was an impassioned message that seemed to have come from the chief minister's heart. "We will have to pass the dark night to begin our journey in the light of dawn," she said. "An alert conscience, right direction, truth and fearless news is what people...
More »RTI activists threatened
-Hueiyen News Service Imphal: Three RTI activists of Thongju Part II Macha Leima RTI Nupi Lup have been reportedly threatened for filing application to seek information related to Thongju Part-II Gram Panchayat. Addressing a press conference in this regard at the office of Macha Leima at Palace Compound here today, Geeta Potshangbam, Assistant Coordinator of Thongju Part II Macha Leima RTI Apunba Nupi Lup, informed that President of Thongju Part II Macha...
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 »State gets the stick for tribal landlessness-G Prabhakaran
-The Hindu CAG sees weak political will, highlights failure of scheme Palakkad: A Comptroller and Auditor General (CAG) report has charged the State with a lack of political will in providing land to landless tribal people in the State. The Audit Report (General and Social Sector) of the CAG for the financial year 2011-12 accuses the government of tardy implementation of a Rs. 175-crore scheme for the resettlement of landless tribal people launched...
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