Chit fund scam biggest challenge for Mamata's govt

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.......

Mamata blames Left, SEBI and RBI for chit fund scam

West Bengal Chief Minister Mamata Banerjee on Friday vowed that she will not rest till money is repaid to the thousands defrauded allegedly by the Saradha Group and said that a new law was......

Govt cannot keep returning judgeship proposals, says SC collegium

The Supreme Court collegium has for the second time reiterated the names of two advocates -- Amitesh Banerjee and Sakya Sen -- for appointment as judges of the Calcutta high court "expeditiously",......

WB to appeal in SC on NRIs' admission

The West Bengal government on Tuesday told the state Human Rights Commission it will appeal against a Supreme Court order scrapping the admission of 69 non-resident Indians to two state-run medical......

RBI could have acted against ponzi firms: ED

The Enforcement Directorate, probing several scams in which deposit collecting companies (ponzi) like Saradha and Rose Valley were involved, on Tuesday said that the Reserve Bank of India could......

SFIO submits interim report on Saradha chit fund scam

A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of......

Saradha: Relief cheques ready but 60% of investors missing

The West Bengal government’s plan to dole out compensation to Saradha investors seems to have met with the most unlikely challenge -- the missing recipients. More than half the compensation......

Three Saradha Group TV channels to be auctioned

The commission, constituted by the West Bengal government to inquire into the Saradha ponzi scam, has decided to auction three TV channels of the group, in an effort to raise funds and return it to......