Ponzi Scheme West Bengal

The Enforcement Directorate (ED) said it has arrested two directors of a West Bengal-based company that allegedly ran a ponzi scheme and diverted Rs 1,786 crore worth of public funds.

The Central Bureau of Investigation (CBI) has arrested a former deputy registrar of companies in Kolkata and three others in connection with its probe into a chit fund scam, an official of the agency said.

The CBI on Monday carried out searches at the offices of three Securities and Exchange Board of India officials in connection with their alleged role in saving Saradha ponzi scheme operators, officials said.

Top West Bengal police officer Rajeev Kumar on Monday did not respond to CBI's summons in connection with the multi crore Rose Valley ponzi scheme case, officials in the agency said.

The Central Bureau of Investigation or CBI has asked the West Bengal Director General of Police (DGP) to provide the contact details of former Kolkata police commissioner Rajeev Kumar, sources said today.

West Bengal Chief Minister Mamata Banerjee dharna or a sit-down protest entered Day 2 in central Kolkata to "save the constitution" after a huge showdown between the police and officials of the Central Bureau of Investigation on Sunday evening. The CBI officers wanted to question Kolkata police chief Rajeev Kumar over two Ponzi schemes, but the CBI...

As drama continues in West Bengal over an unexpected visit of the CBI officers to Kolkata, the central agency dragged the state government to the Supreme Court today. On Sunday, the agency's interim boss,M Nageswara Rao, had said that the West Bengal police are not cooperating, therefore, "we will approach the Supreme Court on Monday".

West Bengal Chief Minister Mamata Banerjee found herself on a collision course with the centre after a huge showdown on Sunday evening between the state police and officials of the CBI or Central Bureau of Investigation. The CBI officials, who had come to question Kolkata police chief Rajeev Kumar on two Ponzi schemes, were temporarily detained by ...

The CBI has arrested Suman Chattopadhyay, an editor of a prominent Bangla newspaper, for allegedly receiving money from a ponzi scam operator I-Core group, officials said Thursday.

The BJP and Mamata Banerjee's party, the Trinamool Congress, are on a rapidly-escalating collision course that has, in the last 24 hours, included vandalism and an alleged bomb attack in Kolkata. The BJP office in Hooghly, 60 km from Calcutta was set on fire this evening. The violence is the result of the arrests of two parliamentarians, Tapas Pal ...

The Central Bureau of Investigation's Special Crime Branch, which is probing Saradha ponzi scheme scam, today said it will move a higher court against the bail granted to West Bengal minister Madan Mitra, who was arrested by the investigating agency.

About Rs 50 crore in cash was found stashed in 50 sacks and a six-foot steel almirah during raids in West Bengal by the Income Tax Department, which was investigating a lottery racket.

West Bengal Transport and Sports Minister Madan Mitra, who was arrested in the multi-crore-rupee Saradha scam, is likely to be discharged from hospital Saturday as tests done on him have not revealed anything significant, a hospital official said.

A delegation of Left Front leaders from West Bengal today met Prime Minister Narendra Modi demanding coordinated investigation by various Central probe agencies into the Saradha chit fund scam and other such ponzi schemes.

Three prominent West Bengal politicians have been summoned by the Central Bureau of Investigation today in Kolkata in connection with the Saradha chit fund scam.

The Enforcement Directorate (ED) said it has arrested two directors of a West Bengal-based company that allegedly ran a ponzi scheme and diverted Rs 1,786 crore worth of public funds.

The Central Bureau of Investigation (CBI) has arrested a former deputy registrar of companies in Kolkata and three others in connection with its probe into a chit fund scam, an official of the agency said.

The CBI on Monday carried out searches at the offices of three Securities and Exchange Board of India officials in connection with their alleged role in saving Saradha ponzi scheme operators, officials said.

Top West Bengal police officer Rajeev Kumar on Monday did not respond to CBI's summons in connection with the multi crore Rose Valley ponzi scheme case, officials in the agency said.

The Central Bureau of Investigation or CBI has asked the West Bengal Director General of Police (DGP) to provide the contact details of former Kolkata police commissioner Rajeev Kumar, sources said today.

West Bengal Chief Minister Mamata Banerjee dharna or a sit-down protest entered Day 2 in central Kolkata to "save the constitution" after a huge showdown between the police and officials of the Central Bureau of Investigation on Sunday evening. The CBI officers wanted to question Kolkata police chief Rajeev Kumar over two Ponzi schemes, but the CBI...

As drama continues in West Bengal over an unexpected visit of the CBI officers to Kolkata, the central agency dragged the state government to the Supreme Court today. On Sunday, the agency's interim boss,M Nageswara Rao, had said that the West Bengal police are not cooperating, therefore, "we will approach the Supreme Court on Monday".

West Bengal Chief Minister Mamata Banerjee found herself on a collision course with the centre after a huge showdown on Sunday evening between the state police and officials of the CBI or Central Bureau of Investigation. The CBI officials, who had come to question Kolkata police chief Rajeev Kumar on two Ponzi schemes, were temporarily detained by ...

The CBI has arrested Suman Chattopadhyay, an editor of a prominent Bangla newspaper, for allegedly receiving money from a ponzi scam operator I-Core group, officials said Thursday.

The BJP and Mamata Banerjee's party, the Trinamool Congress, are on a rapidly-escalating collision course that has, in the last 24 hours, included vandalism and an alleged bomb attack in Kolkata. The BJP office in Hooghly, 60 km from Calcutta was set on fire this evening. The violence is the result of the arrests of two parliamentarians, Tapas Pal ...

The Central Bureau of Investigation's Special Crime Branch, which is probing Saradha ponzi scheme scam, today said it will move a higher court against the bail granted to West Bengal minister Madan Mitra, who was arrested by the investigating agency.

About Rs 50 crore in cash was found stashed in 50 sacks and a six-foot steel almirah during raids in West Bengal by the Income Tax Department, which was investigating a lottery racket.

West Bengal Transport and Sports Minister Madan Mitra, who was arrested in the multi-crore-rupee Saradha scam, is likely to be discharged from hospital Saturday as tests done on him have not revealed anything significant, a hospital official said.

A delegation of Left Front leaders from West Bengal today met Prime Minister Narendra Modi demanding coordinated investigation by various Central probe agencies into the Saradha chit fund scam and other such ponzi schemes.

Three prominent West Bengal politicians have been summoned by the Central Bureau of Investigation today in Kolkata in connection with the Saradha chit fund scam.