Chit Fund Scam

So far we have received 25 lakh applications from the investors (seeking their money back), according to which this scam is of around Rs 6,500 crore, he said.

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 today conducted search operations at six locations in West Bengal, including residences of Trinamool Congress MLA Subodh Adhikari and his brother, in connection with its probe into a chit fund case.

The Enforcement Directorate on Tuesday provisionally attached assets worth Rs 300 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in its ongoing investigation against Icore Group of companies in a chit fund scam case.

The Central Bureau of Investigation (CBI) on Monday reached Trinamool Congress (TMC) leader and West Bengal Minister Partha Chatterjee's office in Kolkata to question him in connection with the I-Core chit fund scam.

The Saradha group allegedly cheated thousands of depositors, promising abnormally high returns on investments in its illegal schemes.

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.

Senior TMC leader and former West Bengal minister Madan Mitra on Friday deposed before Enforcement Directorate (ED) officials here in connection with the probe into Saradha chit fund scam.

The Enforcement Directorate (ED), which is probing the money laundering aspect of the Saradha chit fund scam, has summoned Trinamool spokesperson Kunal Ghosh for questioning.

The Supreme Court today deferred by two weeks the hearing on CBI's contempt plea against former Kolkata police commissioner Rajeev Kumar and others alleging non-cooperation by them in its probe into the multi-crore-rupee Saradha chit fund scam case.

The Enforcement Directorate (ED) has attached assets worth Rs 2.80 crore in connection with its money laundering probe linked to an alleged ponzi or chit fund scheme in Rajasthan.

The CBI has approached the Supreme Court seeking to question senior IPS officer and former Kolkata police commissioner, Rajeev Kumar, in connection with the multi-crore Saradha chit fund scam case.

Rs 4,109 crore in properties spread across various states have been attached by the Enforcement Directorate in a money laundering case linked to an alleged ponzi scam that duped about 32 lakh people for over Rs 6,000 crore, the agency said on Thursday.

The Enforcement Directorate has arrested three promoters of a south India based company on money laundering charges in an over Rs 6,300 crore alleged ponzi or chit fund fraud case where lakhs of investors hailing from various states were duped, the agency said on Wednesday.

As Bengal goes on the boil ahead of assembly elections, the infamous chit fund Saradha that collapsed in 2013, costing lakhs of people across West Bengal their hard-earned savings, is edging back to the headlines.

So far we have received 25 lakh applications from the investors (seeking their money back), according to which this scam is of around Rs 6,500 crore, he said.

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 today conducted search operations at six locations in West Bengal, including residences of Trinamool Congress MLA Subodh Adhikari and his brother, in connection with its probe into a chit fund case.

The Enforcement Directorate on Tuesday provisionally attached assets worth Rs 300 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in its ongoing investigation against Icore Group of companies in a chit fund scam case.

The Central Bureau of Investigation (CBI) on Monday reached Trinamool Congress (TMC) leader and West Bengal Minister Partha Chatterjee's office in Kolkata to question him in connection with the I-Core chit fund scam.

The Saradha group allegedly cheated thousands of depositors, promising abnormally high returns on investments in its illegal schemes.

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.

Senior TMC leader and former West Bengal minister Madan Mitra on Friday deposed before Enforcement Directorate (ED) officials here in connection with the probe into Saradha chit fund scam.

The Enforcement Directorate (ED), which is probing the money laundering aspect of the Saradha chit fund scam, has summoned Trinamool spokesperson Kunal Ghosh for questioning.

The Supreme Court today deferred by two weeks the hearing on CBI's contempt plea against former Kolkata police commissioner Rajeev Kumar and others alleging non-cooperation by them in its probe into the multi-crore-rupee Saradha chit fund scam case.

The Enforcement Directorate (ED) has attached assets worth Rs 2.80 crore in connection with its money laundering probe linked to an alleged ponzi or chit fund scheme in Rajasthan.

The CBI has approached the Supreme Court seeking to question senior IPS officer and former Kolkata police commissioner, Rajeev Kumar, in connection with the multi-crore Saradha chit fund scam case.

Rs 4,109 crore in properties spread across various states have been attached by the Enforcement Directorate in a money laundering case linked to an alleged ponzi scam that duped about 32 lakh people for over Rs 6,000 crore, the agency said on Thursday.

The Enforcement Directorate has arrested three promoters of a south India based company on money laundering charges in an over Rs 6,300 crore alleged ponzi or chit fund fraud case where lakhs of investors hailing from various states were duped, the agency said on Wednesday.

As Bengal goes on the boil ahead of assembly elections, the infamous chit fund Saradha that collapsed in 2013, costing lakhs of people across West Bengal their hard-earned savings, is edging back to the headlines.