-The Hindu Sleuths of NIA are facing an unusual problem of mobility as they are "forced" to depend on taxis since the investigating agency has been unable to purchase vehicles due to an austerity drive. The chief of National Investigation Agency (NIA) told a parliamentary panel that it created three branches in Bhopal, Patna and Kolkata in 2012 but due to government's austerity measures, they have not been sanctioned any vehicle. "This is...
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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 »Rs 4,000 cr at stake, SEBI asks Bengal to probe five more chit fund companies -Madhuparna Das
-The Indian Express Kolkata: As the investigation into the Saradha chit fund scam threatens to reach the doorstep of the Trinamool Congress, the markets watchdog is learnt to have warned of a larger, more frightening scenario: similar Ponzi schemes run by at least five other companies in West Bengal, involving over Rs 4,000 crore of small investors' money. In its latest communication sent to the state government, the Securities and Exchange Board...
More »Adivasis’ dangerous journey into the urban jungle-Anumeha Yadav
-The Hindu Latehar: Last week, two 14-year-old adivasi girls, who had migrated from Khunti district to work in Delhi as domestic help, were found dead in mysterious circumstances, both within two days of each other. On April 19, Jyoti Mariyam Hora died soon after she was brought to the Madan Mohan Malviya Hospital in Delhi's Malviya Nagar. Two days later, Dayamani Guriya, who had studied with Jyoti till class VI and had...
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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