-The Hindu Information panel calls for time bound investigation The Central Information Commission (CIC) has directed the Securities and Exchange Board of India (SEBI) to disclose information on its investigation and recovery of money from the perpetrators of the Saradha Realty chit fund scam. Investigations must be time bound and transparent keeping in mind the interests of lakhs of affected investors, said CIC. The Rs.10,000 crore Saradha Chit Fund Scam came to light...

-The Indian Express In the wake of life’s savings lost to scams, children have dropped out of school, marriages have been put off, people have left homes, and suicide, say some, is the only option. The Indian Express on the stories forgotten in the headlines. Most days, Raqib Sardar can be seen hanging around a tea shop at Sonarpur Railway Station in South 24 Parganas district, 30 km from Kolkata, looking...

-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...

-The Hindu Suspended Trinamool Congress MP Kunal Ghosh was arrested on Saturday after the investigating authorities found prima facie evidence against him in connection with the Saradha Ponzi scam. Briefing reporters, Arnab Ghosh, Deputy Commissioner, Detective Department of the Bidhannagar City Police, said: "Prima facie evidence indicates that Kunal Ghosh played an equal part in the conspiracy." The Saradha group, which allegedly duped people of over Rs. 2,300 crore through its various Ponzi...

-PTI NEW DELHI: The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed. The report also states that the arrested Saradha chairman Sudipta Sen was in "total control" of all deposits made by his group companies, which are under the scanner for having perpetrated...