The West Bengal government is committed to compensate the losses suffered by chit fund investors in the wake of the Saradha Group’s fold-up, Chief Minister Mamata Banerjee today said.
“We shall soon start paying compensation to the depositors cheated by the Saradha Group and such other chit fund companies recommended by the Justice (Retd) Shyamal [...]
It was revealed that Mumbai police would question Chennai Supre Kings owner N Srinivasan’s son-in-law Gurunath Meiyappan for his alleged role in spot-fixing. Meiyappan was the man Vindoo Dara Singh, who was arrested on Tuesday, was in constant touch over phone.
Meiyappan is the Team Principal and CEO of the Chennai Super Kings.
Earlier, in a [...]
The state Congress will make the recent exposures on chit fund scam and alleged involvement of some ruling Biju Janata Dal (BJD) members in it an elections issue.
This along with the multi-crore mining scam in the state will form the core of the partys poll plank for the coming assembly election scheduled in 2014, said [...]
Sudipta Sen, chairman of Saradha Group which allegedly cheated thousands of poor investors in West Bengal and other states, was today remanded in 10 days police custody amid noisy protests outside the court.
Sen was produced before additional chief judicial magistrate (ACJM) Debdeep Manna after being brought from Dum Dum jail in the morning and police [...]
The Board of Control for Cricket in India’s Working Committee meet in Chennai on Sunday to discuss its course of action on the spot-fixing controversy that has rocked the Indian Premier League and the fans worldwide. The Rajasthan Royals’ management team was also summoned at the meet.
The cricket board will hold a press conference later [...]
“UPA has been rocked by a series of scams from Coalgate to 2G and now this new Railway bribery case. The Prime Minister should take the moral responsibility and resign. We have to free this country from the misrule of the Congress,” BJP National General Secretary Dharmendra Pradhan told reporters here.
Stressing on the need for [...]
Expressing doubts about the West Bengal government’s investigation of the Saradha Group chit fund scam, the Left Front on Wednesday claimed there might be efforts to “silence” arrested scam kingpin Sudipta Sen.
“We have reasons to believe that there might be all out efforts to silence Sudipta Sen. So many influential people are involved in the [...]
The Communist Party of India (Marxist) on Monday said Prime Minister Manmohan Singh was “presiding over a very corrupt regime” and needed to explain his role and that of his office in both the coal block allocation and 2G spectrum cases.
“The episode of the two Ministers highlights how corruption has become endemic in this government [...]
Sudipta Sen, the millionaire whose Saradha group collapsed last month, and his associate Debjani Mukherjee were today sent to nine-day police custody by a Kolkata court.
The two were brought to the court premises early this morning to avoid possible protests by depositors and agents. There’s heavy police deployment outside the court due to a big [...]
The ongoing chit fund muddle has exposed the rift between two Trinamool heavyweights in Burdwan. The dispute between MLA and state technical education minister RabiranjanChattopadhyay and agriculture minister MoloyGhatak was more than apparent when the former led a rally to protest against fraudulent Ponzi operators on Sunday and the latter chose to stay away from [...]
Ever since India’s United Progressive Alliance government became embroiled in scams, it has been mainly the Supreme Court that has pushed for accountability. In doing so, it has taken recourse to a new technique to ascertain the truth — that of virtually appropriating to itself the task of inquiry by directing the official agencies, either [...]
Charging that the government is working for dealers and brokers where every decision is up for sale, BJP on Saturday demanded that railway minister Pawan Bansal be sacked for the alleged involvement of his nephew in a bribery scandal.
Senior BJP leader Ravi Shankar Prasad said the latest corruption charges in the government further “reinforces” [...]
Law Minister Ashwani Kumar’s fate hung in balance as the Supreme Court takes on record on Tuesday CBI affidavit on its status report on the coal blocks allocation scam that was shared with the minister and senior officials of PMO and coal ministry.
Hectic consultations are on in the government involving top officials including legal experts [...]
India, a nation that has earned a reputation for churning out some of the wealthiest billionaires in Asia, if not on the planet, has curiously enough, never produced a candidate in the top 100 ranks of the annual Global 2000 list of biggest publicly-traded companies. This is in contrast to China, a country India [...]
BJP leader Sushil Kumar Modi on Saturday expressed hope that West Bengal Chief Minister Mamata Banerjee would protect defrauded investors in the Saradha Group scam and demanded that the Centre should intervene in chit fund irregularities.
“She is an honest lady and hard working. I hope she will do something,” Modi, who is Bihar Deputy [...]
A second FIR has been filed against Trinamool Congress MP Kunal Ghosh by employees of a closed Bengali daily owned by the Saradha group for non-payment of salaries and Ghosh offered to resign from the Rajya Sabha if probe shows his complicity in the chit fund scam.
Police sources said the employees of the newspaper ‘Sakalbela’ [...]
The crisis continued to deepen for the Mamata Banerjee government in West Bengal with the Union government moving ahead with a crackdown by multiple agencies on chit fund companies across the nation.
Banerjee’s image also received a body blow with video clips showing her as Chief Minister distributing ambulances and motorcycles donated by the Saradha Group [...]
Irregularities in the allocation of coal blocks disrupted both houses of parliament Tuesday with the government and the Congress rejecting the opposition’s demand for the resignation of Prime Minister Manmohan Singh and Law Minister Ashwani Kumar over the issue and a parliamentary panel suggesting cancellation of all mines given since 1993.
Both the Lok Sabha and [...]
This is a news item with which our country, unfortunately, is becoming far too familiar. Depending on the magnitude of the crime – how many men, how grievous, which city and how many body parts of the victim need to be sewn up and bandaged – rape grabs headlines along with scams, terror attacks and [...]
The Reserve Bank of India’s investigation into tainted private banks which were caught in a Cobrapost sting operation, has now spread to cooperative banks which appear to be the main conduit for the private sector banks to launder money
While the banking secretary announced last evening that action will be taken against the three private sector [...]
The national elections are not really round the corner, but the idea of a Third Front is already floating in the air. Along with the steadily sliding images of the Congress and the BJP, a mere wobbling of the incumbent government is enough to trigger such a recurrent mid-summer dream of cobbling together that familiar [...]
‘Drunken ladies hulchul in Hyderabad’, ‘Special focus: Girls romance in hostels and rooms’, ‘Drunken women creates hungama.’
These were among the headlines of news programs recently aired on local TV channels in the south India. With videos of youngsters- preferably girls- arguing on camera, running away from it or being chased, the programs offer a programmes [...]
Heightened litigation and arbitration activity fuelled Corporate India’s legal spending, which topped $1 billion in fees for the first time with the top 50 companies responsible for almost half of the total spend in 2012.
Companies from telecom, media, banking and finance and pharmaceutical sectors shelled out the maximum amount as they battle scams, disputes, patents [...]
India will not carry any clout at the international level if it falls behind in economic growth, cautioned top International Economist Jagdish Bhagwati, even as he exuded optimism about India growing at around 9 per cent with additional reforms.
“India, if it falls behind significantly, will not carry any clout at all. So that translates into [...]
India will not carry any clout at the international level if it falls behind in economic growth, cautioned top international economist Jagdish Bhagwati, even as he exuded optimism about India growing at around 9 per cent with additional reforms.
“India, if it falls behind significantly, will not carry any clout at all. So that translates [...]
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