Saradha Chit Fund Scam

Chit fund scam: SC to hear CBI plea against pre-arrest bail for IPS Rajeev

The Supreme Court will later this week hear the CBI's plea challenging the anticipatory bail granted to West Bengal cadre senior IPS officer Rajeev Kumar in the multi-crore Saradha chit fund scam case. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran on Monday took note of the vehement submissions of Solicitor General Tushar Mehta, appearing for the CBI, and posted the matter on October 17 (Friday). The solicitor general submitted that the probe agency's plea be listed along with other pending petitions, including a contempt plea for broader understanding and consideration of the entire case. The bench posted the CBI's plea along with other pending cases on Friday. The senior IPS officer was granted anticipatory bail on October 1, 2019 and has not been called by the CBI for investigation even once during the last six years by the CBI, according to his counsel. Why should we keep this matter pending? You have done nothing during all these years, the CJI said.

Bengal's chit fund victims await justice amid LS polls corruption discourse

For the past decade, 52-year-old Rishin Majumdar has been working two shifts, trying to repay a hefty Rs 30 lakh loan he took out to compensate the investors of Saradha group, where he once served as an agent. "After the Saradha group collapsed in 2013, people who invested money through me wanted it back. I was beaten, and even my family members were not spared. I was then forced to take a Rs 30 lakh loan from a local money lender. I lost Rs five lakh in the chit fund," Majumdar said. His story is a familiar one among lakhs of people who fell victim to the multi-crore chit fund scams that rocked West Bengal in 2013. As corruption scandals like school recruitment scams take centre stage in the Lok Sabha polls in West Bengal, the enduring and hopeful victims of the 2013 chit fund scamsone of the state's largest financial scandals since independenceare still waiting for justice after more than ten years. The chit fund scam of Bengal saw several companies, most notably the Saradha Grou

ED gets active in Saradha ponzi scam, freezes bank accounts of ex-director

Almost after eight years since the central agencies launched their probes in the multi-crore Saradha Chit fund scam in Bengal, ED in a renewed activity froze two bank accounts of an erstwhile official

Defending Sebi on Saradha scam

The CBI last week searched the residences of three officers of the Sebi in connection with the Saradha Ponzi scheme

CBI searches Sebi officials' homes, office in Mumbai in Saradha case probe

CBI believes the market regulator could have been more proactive to crack down on the scam before it became public in 2013.

Wet Bengal: CBI questions TMC's Kunal Ghosh in Saradha chit fund scam case

CBI has questioned TMC's Kunal Ghosh in connection with the Saradha chit fund scam nearly a month after he was appointed national spokesperson, ending doubts about his association with the party

Saradha chit fund case: SC seeks Rajeev Kumar's response on CBI bail appeal

A bench headed by Chief justice S A Bobde told Solicitor General Tushar Mehta that the agency has to convince the top court why custody of the former Kolkata Police Commissioner was needed in the case

From INX Media to Sarada chit fund scam, cases against the Chidambarams

The Chidambarams have come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore

Court rejects former Kolkata top cop Rajeev Kumar's anticipatory bail plea

The CBI had moved the Alipore court on Thursday, seeking an arrest warrant against the former city police commissioner

Special court refuses to hear Rajeev Kumar's anticipatory bail plea

The special court, in charge of trial of criminal cases against MPs and MLAs, said it is a trial court and cannot hear an anticipatory bail application

Calcutta HC extends protection to Rajeev Kumar in Saradha chit-fund scam

Kumar, a former commissioner of Kolkata Police and Bidhannagar Police, was appointed ADG, CID, by the Mamata Banerjee-led government before the 2019 Lok Sabha election

Ghost of Saradha chit fund scam continues to hound West Bengal CM Mamata

Mamata Banerjee was left fuming. She refused to calm down even after Congress chairperson Sonia Gandhi reached out to her

Supreme Court refuses to monitor CBI probe into Saradha chit fund scam

Earlier, the apex court in 2013 had transferred the probe into the scam to the CBI.