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West Bengal to pay back duped chit fund investors:

Last Updated: Thursday, May 23, 2013, 20:04

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 on Thursday said.

IMG discusses ways to curb ponzi schemes

Last Updated: Thursday, May 23, 2013, 19:56

The IMG, headed by the Department of Financial Services Additional Secretary, is reported to have discussed gaps in the regulatory mechanism to deal with collective investment schemes.

WB govt decides to take over 2 TV channels of Saradha Group

Last Updated: Thursday, May 23, 2013, 15:46

The West Bengal government on Thursday decided to take over two television channels of scam-tainted Saradha Group which are facing closure.

Another Saradha group employee commits suicide

Last Updated: Wednesday, May 22, 2013, 21:17

A Saradha group employee who allegedly misappropriated money from the company, was found hanging at his home in West Bengal`s South Dinajpur district.

Chit fund scam: Saradha Group director admitted to hospital

Last Updated: Tuesday, May 21, 2013, 23:01

Debjani Mukherjee, one of the main accused in the Saradha Ponzi scam, was on Tuesday admitted to the state-run SSKM hospital.

Fraudulent investment schemes: IMG to meet on May 23

Last Updated: Sunday, May 19, 2013, 14:34

The IMG, headed by Department of Financial Services' Additional Secretary, will meet on May 23, a Finance Ministry official said.

Hit by chit fund scam Mamata faces biggest challenge in 2 yrs

Last Updated: Sunday, May 19, 2013, 11:39

With the Trinamool Congress government stepping into the third year of its rule, it is facing its biggest challenge in the multi-crore chit fund scam which has hit lakhs of people across the state.

Chit fund scam: Sudipta Sen sent to judicial custody

Last Updated: Saturday, May 18, 2013, 17:51

Sudipta Sen, the chairman of Saradha Group which allegedly defrauded thousands of small investors, was on Saturday sent to judicial custody by a Bidhanangar court as the police did not seek his further remand.

Chit fund scam: Odisha Police arrests 2 Saradha group employees

Last Updated: Friday, May 17, 2013, 00:24

Economic Offence Wing (EOW) of the Crime Branch (CB), arrested two employees of Saradha Group on Thursday.

Sudipta`s affidavit proves his `good` ties with WB govt: BJP

Last Updated: Thursday, May 16, 2013, 19:40

Sudipta Sen`s affidavit opposing a CBI inquiry in the chit fund scam proves his `good` relations with West Bengal govt, state BJP president alleged.

Chit fund: Sudipta Sen denies connection with CM

Last Updated: Wednesday, May 15, 2013, 21:45

Saradha group chairman Sudipta Sen, who has been accused of cheating lakhs of investors of their money running into thousands of crores, on Wednesday opposed a CBI probe into the complaints.

Court allows ED probe into Saradha Group deals

Last Updated: Tuesday, May 14, 2013, 18:33

The bench also directed the Central Bureau of Investigation (CBI) - a party to the petition - to submit an affidavit regarding its investigation into matter in other states.