Saradha Group

RBI, Sebi should create awareness against ponzi schemes

RBI or SebiI should begin a major campaign in line with Jago Grahak Jago, woolmark or hallmark (gold) to create awareness among the investors about these ponzi schemes, SBI chairman Pratip Chaudhuri said

Beyond the reach of banks, fund scams target Indians

Dalia Ghosh, a 28-year-old nurse in Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year, hoping to start her own clothes business.

IMG panel to discuss ways for curbing ponzy schemes

An inter-ministerial panel will meet on Thursday this week to deliberate on ways to strengthen supervision of financial sector to effectively curb fraudulent money pooling activities.

Chitfund scam : TMC MP says ready to face any inquiry

Trinamool Congress Rajya Sabha member Kunal Ghosh, against whom Saradha Group Sudipta Sen has levelled allegations in a letter to CBI, today said he was ready to face any inquiry and has requested police to give him a hearing.

2nd FIR filed against MP; TMC says none will be spared

A second FIR has been filed against Trinamool Congress MP Kunal Ghosh by employees of 'Sakalbela', a closed Bengali daily owned by the Saradha Group, with Ghosh offering to resign if his complicity was proved and his party saying that none of the guilty would be spared

Shades of grey: Many myths of media freedom

The sudden collapse of the Saradha Group in Bengal is yet another reminder of the fact that a huge chunk of Indian media is run by tainted money. The group set up several news channels and print publications in Hindi and Bengali, among other languages, and the failure of the core chit fund business means journos have been turfed out of jobs.

Sebi may get greater powers to check money-pooling frauds

Market regulator Sebi may get greater powers to check money-pooling frauds by various entities across the country, as the government is considering a major overhaul of regulations governing such schemes.

TMC MP denies Saradha CMD's 'blackmail' claims

The Trinamool Congress is on the defensive even after the West Bengal chit fund scam kingpin and Saradha Group CMD, Sudipta Sen, claimed he was blackmailed by the party's leaders.

Chit fund scam: Police seize Saradha Grp promoter's assets

The properties of West Bengal chit fund scam accused, Saradha group promoter Sudipta Sen have been seized, the state police said on Tuesday. Arnab Ghosh, ADC, Detective Department, told reporters that the West Bengal Police had kept a track on Sen's movements since the case came to light.

Saradha scam: Mamata forms SIT; blames Centre

West Bengal Chief Minister Mamata Banerjee on Monday announced a high-level inquiry and also a SIT probe into the collapse of chit fund company Saradha Group that has left thousands of investors in the lurch even as she sought to blame the Centre for the fiasco.