Court sentences 2 chit fund heads to 4 years' RI in Odisha

Baripada (Odisha), Dec 1 (PTI) A local court in Odisha's Mayurbhanj district today sentenced the chief and deputy chief of a ponzy company to four years' imprisonment.

Mamata govt criticised for `mushroom growth` of chitfunds

Buddhadeb Bhattacharjee attacked Mamata-led government alleging the two-year rule of Trinamool Congress has been marked by `mushroom growth` of chit funds and prevalence of lawlessness, with economic development taking a backseat.

FIR filed against TMC MP, Sudipta Sen, 6 others

FIR was filed against Trinamool Congress Rajya Sabha MP Kunal Ghosh, Saradha Group chairman Sudipta Sen and 6 for non-payment of salaries to employees of TV channel run by the chit-fund company.

Saradha fiasco: Mamata forms SIT, probe commission

Speaking over collapse of chitfund company, Saradha Group, which hit depositors across West Bengal, CM Mamata Banerjee instituted high-level inquiry and deputed a special investigation team into it.