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  • CBI to fast-track probe against SEBI, RoC officials in Saradha case that sparked political row Feb 06, 2019 02:24 PM IST

    CBI to fast-track probe against SEBI, RoC officials in Saradha case that sparked political row

    The move comes as the agency prepares to file charge sheets in the controversial scam, they said.

  • Why West Bengal is emerging as the heart of Ponzi schemes in India Apr 04, 2017 05:29 PM IST

    Why West Bengal is emerging as the heart of Ponzi schemes in India

    The government's corporate fraud investigation wing is currently probing 185 suspected illicit deposit schemes that raised thousands of crores from gullible investors. Of these, 135 schemes were run of West Bengal.

  • Mamata rattled by Modi govt's blow to black money: BJP Nov 14, 2016 06:36 PM IST

    Mamata rattled by Modi govt's blow to black money: BJP

    Targeting TMC President and West Bengal Chief Minister Mamata Banerjee, BJP said she has become a "cheerleader" of hawala operators and smugglers, alleging that the "queen of Saradha scam" is losing her mental balance due to the Modi government's strike at black money with the demonetisation exercise.

  • Left, Congress to launch joint agitation over Saradha scam Mar 02, 2016 09:10 PM IST

    Left, Congress to launch joint agitation over Saradha scam

    CPI-M leader Sujan Chakraborty, the party's central committee member Shyamal Chakraborty and senior Congress leader Abdul Mannan today told a press conference that the protest-march would be organised in front of the CBI office in Salt Lake in the second week of this month

  • Is Pearl Agro another Sahara scam in the making, asks SC Nov 16, 2015 05:32 PM IST

    Is Pearl Agro another Sahara scam in the making, asks SC

    Sebi has said the plea against order of refund is still pending before the SC and there hasn't been any action by the company despite the order being upheld by the Securities Appellate Tribunal (SAT).

  • Money laundering probe in Vyapam on track: ED Director Jul 08, 2015 08:39 AM IST

    Money laundering probe in Vyapam on track: ED Director

    The agency had named former state Higher Education Minister Laxmikant Sharma and 27 others in its FIR. ED investigators, based in Madhya Pradesh's Indore, have also attached assets worth over Rs 3 crore of an alleged mastermind of the scam, Jagdish Sagar, in connection with their probe in April.

  • Mamata cries foul as CBI tightens noose in Saradha scam Dec 19, 2014 02:05 PM IST

    Mamata cries foul as CBI tightens noose in Saradha scam

    Ever since Kunal Ghosh was arrested in July, Ghosh has been shouting from the rooftops that Mamata Banerjee has been the biggest “beneficiary” of the Sarabha scam. In November, Ghosh is alleged to have attempted suicide, but he survived with a timely trip to the hospital.

  • SFIO seeks more time for Saradha scam final probe report Feb 23, 2014 12:52 PM IST

    SFIO seeks more time for Saradha scam final probe report

    The Serious Fraud Investigation Office (SFIO) has sought more time to submit its final report on the chit funds scam perpetrated by Saradha and other firms.

  • Open offer on strategic partner; more control on CIS: Sebi Jul 17, 2013 08:32 PM IST

    Open offer on strategic partner; more control on CIS: Sebi

    CNBC-TV18‘s economic policy editor Siddharth Zarabi reports, quoting sources, the Sebi has mandated that any listed entity with a strategic partner should announce an open offer. Zarabi adds that according to a Cabinet ordinance, the market regulator is to have more control collective investment schemes.

  • 25-yr old Sebi gears for challenges...new and old May 25, 2013 12:04 PM IST

    25-yr old Sebi gears for challenges...new and old

    CNBC-TV18's Ashmit Kumar says that 25-yr old Sebi stands at the cusp of a new India and faces challenges both old and new.

  • Govt cracksdown on chit funds; proposes ban for MLM cos May 17, 2013 10:05 PM IST

    Govt cracksdown on chit funds; proposes ban for MLM cos

    CNBC-TV18‘s Siddharth Zarabi reports that the multi-level marketing companies will be banned by the government. The proposal has been mooted by the department of financial services and is likely to be fast tracked considering the seriousness of the chit fund scam

  • Some infamous ponzi schemes May 17, 2013 01:31 PM IST

    Some infamous ponzi schemes

    Abnormally high returns, despite all the warning signs, is a promise that investors have always fallen prey to.

  • Left leaders meet PM, FM, seek CBI probe in chit fund scam May 09, 2013 01:28 PM IST

    Left leaders meet PM, FM, seek CBI probe in chit fund scam

    Leaders of Left parties today met the Prime Minister and the Finance Minister and sought a CBI probe into the ponzi scam in West Bengal and stringent measures to tackle fraudulent money pooling activities.

  • Multiple agencies crackdown on Ponzi schemes, Saradha Group Apr 27, 2013 05:39 PM IST

    Multiple agencies crackdown on Ponzi schemes, Saradha Group

    The government on Saturday said several of its investigating wings like Sebi, RBI, IT Department and Enforcement Directorate have begun crackdown on Ponzi schemes and have initiated action against Saradha Group under various laws including the Prevention of Money Laundering Act (PMLA).

  • WB Chit fund scam: Sebi turns heat on dozen other firms Apr 26, 2013 11:05 AM IST

    WB Chit fund scam: Sebi turns heat on dozen other firms

    The chit fund scam in West Bengal is getting bigger with market regulator Sebi turning the heat on over a dozen other companies running similar Ponzi schemes. People are rushing to withdraw Rs 20,000 crore invested in these companies.

  • Govt orders SFIO probe into chit fund companies Apr 25, 2013 11:10 PM IST

    Govt orders SFIO probe into chit fund companies

    In the wake of an alleged fraud involving thousands of crores by Kolkata-based Saradha group, the Centre on Thursday ordered a SFIO probe into suspected misuse of the public money by various chit fund companies.

  • Sudipto, two Saradha officials remanded in police custody Apr 25, 2013 11:06 PM IST

    Sudipto, two Saradha officials remanded in police custody

    Sudipto Sen, the main accused in the multi-crore Saradha chit fund scam, and two other company officials were on Thursday remanded in 14 days police custody by a court at Bidhannagar here.

  • Saradha chitfund: Sudipta Sen sent to 14-day police remand Apr 25, 2013 09:25 PM IST

    Saradha chitfund: Sudipta Sen sent to 14-day police remand

    Sudipta Sen, the main accused in the multi-crore Saradha chit fund scam, and his two other accomplices were today remanded in 14-day police custody by a court , even as police claimed that the company's director Debjani Mukherjee played a key role in decision-making.

  • FM's wife was lawyer for deal with Saradha group: Sources Apr 25, 2013 06:28 PM IST

    FM's wife was lawyer for deal with Saradha group: Sources

    Finance Minister P Chidambaram's wife Nalini Chidambaram was engaged as a senior advocate to appear on behalf of Manoranjana Sinh and her husband and a Narasimha Rao government minister Matang Sinh in a company petition filed by her before the company law board against M/4 Positive TV Ltd, sources close to the Union Minister's wife have said.

  • WB sets up Rs 500cr relief fund for Saradha investors Apr 24, 2013 09:35 PM IST

    WB sets up Rs 500cr relief fund for Saradha investors

    The Saradha chitfund scam snowballed into a political controversy with names of two Trinamool Congress MPs figuring in a letter purportedly written to CBI by the the collapsed company's chairman Sudipto Sen as Congress and CPI(M) accused the party of having links with the group.

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