-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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CBI verdict wait for Kunal
-The Telegraph Calcutta: Trinamul MP Kunal Ghosh's future in the party is expected to be decided after Calcutta High Court rules on two petitions by Saradha depositors seeking a CBI probe into the sham deposit-mobilisation scandal, party sources told The Telegraph. "Our leaders have been worried since the court indicated on April 25 that it was contemplating a CBI probe," a party source said. "(If action is taken now), Kunal may try to...
More »PM says unauthorized deposit collection has to be curbed
-The Times of India Prime Minister Manmohan Singh said on Saturday that unauthorized collection of deposits promising high returns has to be curbed as the Centre unleashed a multi-agency probe on chit funds and money pooling firms in West Bengal and the eastern region. Rattled by the collapse of the Saradha group in West Bengal, the Centre has asked various agencies such as the Enforcement Directorate (ED), Income Tax department, the ministry...
More »Women under pressure to stay away from protests against rape incident-Rahi Gaikwad
-The Hindu Court asks Jharkhand government to submit action taken report Ranchi: There were protests here on Friday against the alleged rape and killing of a six-year-old girl who went missing on Wednesday and was found dead with strangulation marks on her neck and injuries on her genitals in the early hours of Thursday in Doranda. The girl, a student of class II, went missing soon after she returned home from school...
More »Saradha-hit govt plans ordinance teeth for Sebi -Subhomoy Bhattacharjee
-The Indian Express New Delhi: Stung by the Saradha episode, the government has decided to drastically amend legislation governing the market regulator's power to police chit fund companies. The finance ministry will push for the legislation to be cleared in the current session of Parliament and, if that fails, to issue an ordinance immediately afterward. Government managers believe the explosion of Ponzi schemes in West Bengal and in Uttar Pradesh is enough...
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