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Mamata Banerjee to act if Trinamool members linked with chit funds

Last Updated: Sunday, April 27, 2014, 22:58

Facing opposition ire over the multi-crore Saradha scam, West Bengal CM Mamata Banerjee Sunday said she would take action if any member of her TMC party is found to have links with any chit fund.

Chit Funds reappearing across Bengal: Minister

Last Updated: Monday, March 03, 2014, 16:43

After a gap of more than a year, the chit fund companies have started reappearing in West Bengal, especially in the rural areas, a state minister said on Monday.

Chit Funds reappearing across Bengal: Minister

Last Updated: Monday, March 03, 2014, 16:10

After a gap of more than a year, the chit fund companies have started reappearing in West Bengal, especially in the rural areas, a state minister said Monday.

SC notice to Centre, RBI, SEBI on PIL on regulating chitfunds

Last Updated: Tuesday, November 19, 2013, 14:02

The Supreme Court on Tuesday issued notice to the Centre, RBI and SEBI seeking their response on a PIL for putting in place a proper mechanism to regulate functioning of chit funds in the country.

Regulators set up forum to rein in chit funds

Last Updated: Wednesday, August 07, 2013, 22:54

In view of a series of chit fund frauds, financial regulators Wednesday decided to set up a separate forum for coordination and sharing information to rein in such investment schemes.

Chit funds funding Maoists, opposition: Mamata

Last Updated: Wednesday, June 26, 2013, 17:59

West Bengal Chief Minister Mamata Banerjee on Wednesday warned people against investing in chit funds and said the money was being used to fund Maoists and opposition parties.

Parl panel to submit report on ponzi schemes in Mo

Last Updated: Friday, May 31, 2013, 21:08

A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in WB, will give its recommendations on preventing recurrence of such incidents to Parliament in the forthcoming Monsoon session.

Parl panel to submit report on ponzi schemes in Monsoon session

Last Updated: Friday, May 31, 2013, 17:55

A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in West Bengal, will give its recommendations on preventing recurrence of such incidents to Parliament in the forthcoming Monsoon session.

FM for plugging regulatory gaps in financial sector

Last Updated: Wednesday, May 22, 2013, 13:56

Amid outcry over Ponzi schemes causing huge losses to common people, Finance Minister P Chidambaram on Wednesday said there are regulatory gaps and efforts are being made to frame a new law to oversee financial sector.

Chit funds pumped in unrealistic salaries: Bhutia

Last Updated: Monday, May 06, 2013, 18:19

Former India football captain Bhaichung Bhutia Monday said if only the chit fund scam was unearthed earlier, teams like his United Sikkim would have hired good players on realistic salaries.

Will publish posters against CPI(M) canards: Mamata

Last Updated: Sunday, May 05, 2013, 00:36

West Bengal CM Mamata Banerjee mocked her predecessor Buddhadeb Bhattacharjee`s comment that the former Left Front regime had kept chit funds at bay and promised to publish `posters` against canards by the Marxist party.

`Don`t confuse `Ponzi schemes` with chit funds`

Last Updated: Friday, May 03, 2013, 19:38

Against the backdrop of alleged chit fund scam in West Bengal, All India Association of Chit Funds representing the Rs 30,000 crore industry in the country today appealed to public not to confuse `Ponzi schemes` with chit funds.