Chit fund

Chit fund scam: CBI interrogates BJD MLA Pravat Biswal

A clash also took place between the police and BJD workers near the CBI office, but there was no report of any injury.

Sep 20, 2017, 19:58 PM IST
Post-demonetisation, IT unearths one of the largest black money scam

Post-demonetisation, IT unearths one of the largest black money scam

The demonetisation move by the government appears to achieving its true purpose with the Income Tax department unearthing one of the largest black money scam post the note ban.

Jan 27, 2017, 22:43 PM IST

Trinamool misleading nation on CBI action in Rose Valley case: BJP

The BJP on Wednesday blamed West Bengal's ruling Trinamool Congress of misleading the nation when investigation agencies started taking action against its leaders, who were involved in the Rose Valley chit fund scam.

Jan 05, 2017, 00:02 AM IST
'TMC' workers set BJP office in West Bengal's Hooghly district on fire

'TMC' workers set BJP office in West Bengal's Hooghly district on fire

In a shocking incident, alleged Trinamool Congress (TMC) workers on Wednesday set BJP office in West Bengal's Hooghly district on fire.

Jan 04, 2017, 18:06 PM IST
Mamata asks people to keep away from chit funds, says 'govt won't be responsible for compensating'

Mamata asks people to keep away from chit funds, says 'govt won't be responsible for compensating'

West Bengal Chief Minister Mamata Banerjee on Tuesday urged people to refrain from parking their hard-earned money in chit funds and said the government had no responsibility to compensate them if they lost financially in their endeavour.

Aug 02, 2016, 22:36 PM IST

Chit fund scam accused MP to be released on two-hour parole

Rajya Sabha member Kunal Ghosh, in jail as an undertrial in the Saradha chit fund scam, will be out on parole for two hours on Thursday to meet his ailing mother.

Jun 09, 2016, 00:49 AM IST

Odisha chit fund scam: Minister on CBI scanner

An aide of Odisha's Food Supplies and Consumer Welfare Minister Sanjay Dasburma on Wednesday submitted documents relating to a vehicle owned by the minister to the CBI which is inquiring into the multi-crore-rupee chit fund scam in the state.

Apr 06, 2016, 22:18 PM IST
Mathura: Man commits suicide in front of chit fund company

Mathura: Man commits suicide in front of chit fund company

A man today allegedly committed suicide in front of a chit fund company, which did not give him the benefits of his investment nor returned his money, police said.

Mar 21, 2016, 02:40 AM IST

CBI registers 72 cases relating to ponzi schemes: Govt

The government on Tuesday said CBI has registered 72 cases relating to ponzi schemes in about 3 years, while the Enforcement Directorate has initiated action in 57 cases under the money laundering law.

Aug 11, 2015, 16:12 PM IST

Is the Indian media in safe hands?

Can people with scams like foul play, tax fraud and chit fund staining their characters and careers be trusted with the sincere handling of the media?

Aug 06, 2015, 15:14 PM IST

CBI searches Odisha chit fund firm offices

The Central Bureau of Investigation (CBI) on Tuesday conducted simultaneous searches at 12 places in Odisha in connection with a chit-fund scam.

Jul 07, 2015, 14:41 PM IST

Maharashtra mulls action against bogus chit fund cos under MPID Act

 Chit fund companies operating in Maharashtra have come under the scanner of the state government, which is considering to take strict action against these dubious establishments to recover investors' lost money.

Jun 20, 2015, 14:29 PM IST

Chit fund scam: Five directors of West Bengal company to be produced before court today

Five directors of West Bengal-based Win Realcon, nabbed by the Central Bureau of Investigation on Monday for illegally raising public money, will be produced before a court on Tuesday.

Jun 02, 2015, 08:37 AM IST

West Bengal Assembly defers discussion on chit fund to next session

The non-official discussion on chit funds in the West Bengal Assembly, which was to take place tomorrow on the last day of the budget session, has been deferred to the next session.

Mar 03, 2015, 16:21 PM IST

West Bengal Assembly to discuss chit fund issue on Wednesday

The West Bengal Assembly will discuss the chit fund issue and its fallout on the last day of its ongoing Budget Session on Wednesday.

Mar 02, 2015, 22:58 PM IST

CBI raid across 14 locations of a chit fund company in Odisha

 CBI sleuths on Saturday conducted raids across 14 locations against Micro Finance Limited, one of the 44 chit fund companies under the scanner of the central investigating agency.

Jan 31, 2015, 20:24 PM IST

CBI conducts search operations on MPS Greenery

CBI today conducted search operations at 19 locations of MPS Greenery in West Bengal, a company floated to collect deposits through investment schemes.

Jan 20, 2015, 13:35 PM IST

Ask CBI to probe chit fund companies, Tripura to PM Modi

Tripura has urged Prime Minister Narendra Modi to direct the CBI to probe the activities of chit fund companies and unauthorised collection of funds in the northeastern state, a minister said here on Wednesday.

Dec 17, 2014, 16:00 PM IST

Odisha earmarks Rs 300 crore for chitfund-affected depositors

 Odisha Finance Minister Pradip Kumar Amat on Thursday said the state is keeping aside Rs 300 crore towards a corpus fund for protecting interest of depositors in the supplementary budget for 2014-15.

Nov 20, 2014, 23:18 PM IST

Court seeks report on Saradha accused Kunal's suicide bid within two days

A city court on Monday sought a detailed report from Presidency Jail authorities within two days as to how the untoward incident of Saradha scam accused Kunal Ghosh allegedly making a suicide attempt in jail could happen despite after being cautioned by the court to keep a strict vigil.

Nov 17, 2014, 18:24 PM IST