Chit Fund Bust

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  Five Bengali films left high and dry after chit fund bust

  With the bubble bursting for chit funds financing movie ventures in Tollywood, five Bengali films in the post production stage and scheduled for release in May-June this year have been left high and dry.

• Chit fund scam: another Saradha Group investor commits suicide

  Days after the chit fund business of the Saradha Group went bust, leaving thousands of depositors in West Bengal bankrupt, a second investor has committed suicide.

• Chit fund scam: Saradha Group chief Sudipta Sen sent to 14-day police custody

  A Kolkata court today sent Sudipta Sen, the millionaire whose chit fund went bust last week, leaving thousands of small investors across Bengal bankrupt, to 14-day police custody.

• Chit fund chief Sudipta Sen produced in court, angry protesters try to rush inside

  The millionaire whose chit fund went bust last week leaving thousands of small investors across Bengal bankrupt was brought to a Kolkata court today.

• Relief fund of Rs 500 crore to be set up for investors in Saradha chit fund, says Mamata Banerjee

  West Bengal Chief Minister Mamata Banerjee speaks on the controversial chit fund scam of the Saradha Group which went bust last week. Here are the highlights of what she said:

• Bengal chit fund scam: Mamata Banerjee under pressure to act against party MP Kunal Ghosh

  Sudipta Sen, the man whose chit fund went bust earlier this month, wiping out the savings of lakhs of depositors in West Bengal, is being escorted by the police to Kolkata from Kashmir, where he was tracked down yesterday.

• Chit fund scam: Police get 4-day transit custody for Saradha chief Sudipta Sen

  Sudipta Sen, the man whose chit fund went bust last week wiping out the savings of lakhs of depositors in West Bengal, was today sent to four-day transit remand by a court in Ganderbal, near Srinagar in Kashmir. Mr Sen and his two colleagues, identified as Debjani Mukhopadhyay and Arvind Singh Chauhan, were arrested from a hotel in Sonmarg, alleged...

• Chit fund scam: Debjani Mukhopadhyay, the woman behind Saradha Group chairman Sudipta Sen

  Debjani Mukhopadhyay, who has reportedly been arrested in Kashmir along with West Bengal businessman on the run Sudipta Sen yesterday, is a director in the Saradha group, whose chit fund went bust last week leaving lakhs of depositors and fund collection agents in the lurch.

• Chit fund scam: Saradha group chairman Sudipta Sen arrested from Kashmir

  Sudipta Sen, the West Bengal businessman on the run since his chit fund went bust last week, has been arrested from a hotel in Sonmarg, Kashmir. Also reportedly in police custody with him are his associates identified as Debjani Mukhopadhyay and Arvind Singh Chauhan. Sudipta Sen is the chairman cum managing director of the Saradha group.

• Mamata Banerjee blames centre for chit fund scam in West Bengal: Latest developments

  West Bengal Chief Minister Mamata Banerjee has blamed the Centre and the Left government that preceded hers for a chit fund scam that has left lakhs of poor depositors in the lurch in her state. The opposition has alleged that Ms Banerjee's Trinamool Congress has close links with Sudipto Sen, the owner of the Saradha group, the chit fund company wh...

• Petition seeks CBI probe against chit fund company; Mamata Banerjee may bring ordinance to tackle fiasco

  A public interest litigation has been filed in the Calcutta High Court for a CBI inquiry against the Saradha Group, a chit fund company that went bust leaving lakhs of depositors in a fix.

• Hundreds left jobless after 10 media houses shut down in Kolkata

  There was unprecedented chaos today outside West Bengal Chief Minister Mamata Banerjee's house. Almost 2,000 agents of a chit fund company that's gone bust blocked the lane outside demanding they be allowed to meet her. After over four hours, some were arrested and most others were forced out of the area.