-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...
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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...
More »I was used, blackmailed by Trinamool MPs: Saradha Group CMD to CBI -Madhuparna Das
-The Indian Express Kolkata: Saradha Group CMD Sudipta Sen has sent an 18-page letter to the CBI containing names of several key politicians, officials and legal experts who allegedly milked the company for money. The letter, which reached the CBI in Delhi as Sen remained at large, was forwarded by the agency to its office in Kolkata, and it was subsequently referred to the Bidhannagar police commissionerate. Bidhannagar police commissioner Rajeev Kumar received...
More »Government abused powers in coal block allotments, House panel says
-The Times of India Parliament's standing committee on Coal and Steel has indicted the government for "totally abusing its powers" in allotting coal mines between 1993 and 2010 through the "most non-transparent procedure" to "few fortunate ones for their own benefit". "The government cannot give largesse on its arbitrary discretion or its sweet will," the committee, under the chairmanship of Trinamool Congress MP Kalyan Banerjee, said in its latest report tabled in...
More »Aadhaar putting India’s poorest on the map-Clive Crook
-Bloomberg In all likelihood, Nandan Nilekani's Aadhaar will lead the world. Exactly where it will lead, we'll find out People who grew up in Britain in the 1960s will remember a television programme that built a cult following: The Prisoner. It was about an oddly luxurious detention camp-a kind of Guantanamo Bay by Four Seasons, spa services and brainwashing included. Even if you wanted to, trying to escape was pointless. A...
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