Mamata attacks CBI, says Saradha probe taking side of thieves

On a day another Trinamool Congress parliamentarian was arrested in connection with the multi-crore-rupee Saradha scam, West Bengal Chief Minister Mamata Banerjee - without naming the CBI which is probing the scandal - Friday alleged that the investigation was aimed at "taking the side of the thieves".

Govt takes possession of land belonging to chit funds in Odisha

Odisha government has taken into possession over 12 acres of land in Ganjam district belonging to two chit fund organisations allegedly involved in irregularities, officials said on Sunday.

Mamata Banerjee to act if Trinamool members linked with chit funds

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

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 funding Maoists, opposition: Mamata

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

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.

Will publish posters against CPI(M) canards: Mamata

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`

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.

New bill on chit funds by WB govt sparks off debate

With the Mamata Banerjee regime readying to crack the whip on the chit funds by bringing a new bill, a debate has begun whether it will stand up to judicial scrutiny.

Pilot writes to state CMs for police action in fraud schemes

The Centre has written to state CMs for vigorous police action against erring entities.

Investors of chit fund protest, WB govt promises strong steps

Widespread protests by investors were reported from North and South 24 Parganas, Howrah, Hooghly and Burdwan districts.

Bihar govt for action against fraud chit funds

Bihar government would take strict
action against chit fund and Non-Banking Financial Companies
found involved in "cheating and forgery", Deputy Chief
Minister S K Modi on Tuesday said.