-The Hindu Chief Minister Mamata Banerjee may be sleeping easy as she has "settled all the issues at hand" on the Saradha scam. Saradha Group promoter Sudipto Sen has been booked and a Rs. 500-crore kitty has been created to make refunds to the depositors. However, no one is clear just how the refunds would be made and whether existing laws permit it. Mr. Sen's bubble may have burst. But the travails...
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Saradha chit fund scam: West Bengal, Northeast hot-bed of investment frauds; NRIs major target
-PTI Amid a raging controversy over alleged cheating of gullible investors by Saradha group, the regulators have found that West Bengal and North-Eastern states have become a hot-bed of such frauds and NRIs from these regions account for a large chunk of defrauded people. While the Centre has announced an SFIO ( Serious Fraud Investigation Office) probe into the affairs of Kolkata-based Saradha group and other such entities across the country,...
More »458 non-tribals without ILP detained in Mizoram
-PTI Aizawl: At least 458 non-tribals without valid Inner Line Permit (ILP) have been detained in various police stations in Mizoram after the influential Young Mizo Association (YMA) launched a recent drive against them. Police said those identified as staying in the state without valid ILP or fake ILP were brought before the local courts and, if convicted, they will be deported, a senior police official said here today. 192 of...
More »Chit fund: TMC questions role of Chidambaram's wife in Saradha group
-PTI On the back foot over the chit fund scam in West Bengal, Trinamool Congress on Thursday raised questions over the role of a senior Chennai-based lawyer who happens to be wife of the Union finance minister. Sudipta Sen, chairman of the scandal-ridden Saradha group, who was arrested two days ago, has said in a purported letter to CBI that politicians, journalists and lawyers had blackmailed him and taken money assuring him...
More »Bengal chit fund kingpin's run through N India ends in J&K, held in Sonamarg -Madhuparna Das and Bashaarat Masood
-The Indian Express Srinagar, Kolkata: Sudipta Sen, the absconding alleged kingpin of West Bengal's multi-crore chit fund scam, was picked up along with two senior employees of his company at a hotel in the picturesque resort town of Sonamarg on the Srinagar-Leh highway late on Monday evening. Police officers from West Bengal have confirmed their identities, and are likely to get formal custody of the trio after they are presented in court...
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