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    Saradha Scam

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    • Saradha scam case: Key things you need know

      An umbrella company with 200 private players, Saradha Group in West Bengal has allegedly cheated more than a million investors by running Ponzi schemes.

    • TMC leader Kunal Ghosh returns Rs 2.67 crore Saradha money to ED

      Kunal Ghosh, who had been grilled by the investigating agency earlier this month in connection with the Saradha chit fund case, had requested the ED to let him return the money he made as an employee of the Saradha group, after deducting the income tax he has already paid.

    • Saradha case: Former Kolkata police commissioner Rajeev Kumar fails to appear before CBI

      The agency had given him notice to appear at 10 am but he failed to turn up, they said.

    • Former Kolkata Police commissioner Rajeev Kumar deposes before CBI

      In February, Kumar had been interrogated by CBI officials in Shillong under directions of the Supreme Court which had asked him to cooperate with the probing agency.

    • Anuj Sharma replaces Rajeev Kumar as Kolkata Police Commissioner

      Kumar, having served as Kolkata Police chief for three years, was scheduled for a transfer ahead of the Lok Sabha polls

    • Amid Saradha scam probe row, Kolkata Police Commissioner Rajeev Kumar transferred to state CID

      Sources have also indicated that the Kolkata Police is set to undergo a reshuffle and that the new Commissioner is likely to be announced today

    • CBI probe into Saradha scam led to people close to TMC, Attorney General tells SC

      The Saradha and Rose Valley scams had hogged the limelight in West Bengal and and other eastern states in 2013.

    • After 'positive judgment' by SC, Bengal CM Mamata Banerjee calls off 'Save Constitution' dharna

      On February 3, CBI officials visited Kolkata Police chief Rajeev Kumar’s residence in a secret operation but were detained by the local police

    • Mamata vs Modi | CBI softened probe on Mukul Roy, Himanta Biswa Sarma after duo joined BJP: Report

      The SIT, headed by Rajeev Kumar, had ended up unearthing apparent links between the company and ministers, MPs, bureaucrats and celebrities close to the ruling Trinamool

    • Hits and misses of outgoing SEBI Chairman UK Sinha

      Sinha will be remembered as the chief under whom SEBI strengthened financial markets regulations, putting in place stronger rules to curb insider trading. Under the Sinha regime, hallmark changes in the rules for listing and delisting companies were made, besides bids to spruce up corporate governance at listed companies.

    • Jan Dhan Yojana will check chit funds: Modi

      "The poor went to chit funds because they did not have access to the banks. It was my government that has stopped them from going to chit funds by allowing them to open zero-balance bank accounts under the PM Jan Dhan Yojana," Modi told an election rally here.

    • Saradha scam: CBI questions senior SEBI officials

      The agency has been looking into the role played by the regulators in handling this chit fund scam.

    • Saradha probe suggests Rs 2,500 cr-scam just tip of iceberg

      The probe, conducted by the Corporate Affairs Ministry's white-collar crime investigation agency SFIO, also found that these four companies collected 96 percent money from small investors who deposited less than Rs 50,000 each.

    • SFIO submits interim report on Saradha chit fund scam

      The financial fraud investigative agency is also trying to get details stored by these entities on computer servers located abroad, the Corporate Affairs Ministry said today while releasing excerpts of the interim report on SFIO probe.

    • Ponzi menace: Govt to sensitise police, judiciary in states

      Continuing its efforts to curb fraudulent investment schemes, government will soon start a process to sensitise police, judiciary and other agencies across states on ways to contain this menace.

    • CBI probe into Saradha scam not allowed by HC

      The Calcutta High Court today did not allow a CBI probe into the multi-crore Saradha scam at the present stage and directed that the Special Investigation Team of the state police would continue with its inquiry which would be monitored by the court.

    • Saradha scam: Mamata promises action against accused

      Under attack over the Saradha scam, Trinamool Congress supremo and chief minister Mamata Banerjee today said she will not spare anyone including those in her party if found guilty.

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