-The Hindu Business Line Kolkata: Everyone knew that the bomb was ticking. But, there was not much action to curb the mushrooming ponzi schemes that were collecting thousands of crores from hapless investors across West Bengal since 2007-08. Some promised to grow money by 34 times in 25 years by investing in teak bonds. Others offered to double money in 15 months by investing in the potato trade. As a result, investments...
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With police help, banned Naxal group takes on Maoists in Jharkhand -Deepu Sebastian Edmond
-The Indian Express As coming-of-age rituals go, the Tritiya Sammelan Prastuti Committee (TSPC) couldn't have planned it better. Acting on intelligence by its cadre, it moved in on a group of Maoists in Chatra district's Lawalong Tola on the intervening night of March 27-28, killing 10. Among the dead was Lalesh Yadav, secretary of the Bihar-Jharkhand-North Chhattisgarh Special Area Committee, and his closest subordinates, thus leaving a vacuum at the heart...
More »Chit-fund scam: Saradha agents lay siege to MAMata house -Saibal Sen & Caesar Mandal
-The Times of India KOLKATA: Bengal is sitting on a powder keg. And the fuse could well have been lit on Friday as a 33-year-old agent of Saradha Group, a chit fund company that has gone bust, committed suicide being unable to pay his depositors while over 3,000 agents laid siege to chief minister MAMata Banerjee's residence in protest against the lockdown. The turn of events has triggered fears of a repeat...
More »Police report junks Trinamool claims on violence -Madhuparna Das
-The Indian Express A report prepared by West Bengal Police on political violence in the aftermath of the April 9 heckling of Chief Minister MAMata Banerjee by SFI supporters in Delhi said as many as 149 CPM party offices were ransacked and damaged by "Trinamool Congress supporters and followers". The report was submitted to the Home Department, which is headed by Banerjee, last week. The report refutes claims made by Trinamool Congress ministers...
More »Chits come home to roost
-The Telegraph Calcutta: From MAMata Banerjee's backyard in Harish Chatterjee Street to Contai in East Midnapore, a contagion of protests is spreading in several parts of Bengal. Funds collection agents of the Saradha Group are besieging the seats of power with appeals to step in and avert a run on the chit fund-fuelled company since the Trinamul government was seen as the undeclared gilt-edged guarantor during the good times. Trinamul lent credence to...
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