Saradha Group

Markets regulator Securities and Exchange Board of India (Sebi) on Thursday said it has lined up three properties of Saradha Group of Companies for an auction on December 16, at a reserve price of Rs 5.21 crore.

The Enforcement Directorate (ED) has attached assets worth Rs 6.28 crore of Saradha Group of Companies in Assam for running illegal Ponzi schemes by befooling common people, the agency said on Friday.

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

The CBI has arrested the Managing Director of Angel Agritech group, Nazubuulla, who was allegedly on run in one of the ponzi scam cases of West Bengal, commonly known as Saradha scam, officials said Monday.

Trinamool Congress MP Shatabdi Roy has returned to the Enforcement Directorate around Rs 31 lakh she had received from the tainted Saradha group for being its brand ambassador, ED sources said today.

Founded in 2006, the Saradha Group chief, Sudipta Sen's chit fund, through various collective investment schemes, mopped up Rs 3,500 crore from 17 lakh investors in investors in West Bengal, Assam, Jharkhand, Tripura and Odisha before it collapsed in April 2013.

Sudipta Sen, the jailed chairman of the now defunct Saradha Group, today denied all knowledge of an item of crucial evidence, flagged yesterday by Union Minister Prakash Javadekar as "missing".

The CBI has filed a charge sheet against Nalini Chidambaram, the wife of former Union finance minister P Chidambaram, alleging she had received Rs 1.4 crore from Saradha group of companies, embroiled in a chit fund scam, the officials said on Friday.

Two owners of a chit fund company were arrested by CBI in Kolkata on Wednesday, after five hours of interrogation. Basudev Bagchi and his son Avik Bagchi of Prayag Group of Companies were arrested for collecting nearly Rs 2,862 crore from mostly poor people in the state by making fraudulent promises of very high returns, a statement by the agency r...

Early this morning, Trinamool Congress leader Madan Mitra left the jail after nearly 2 years but couldn't go home. He checked into a hotel in the Bhowanipore area of Kolkata.

Former Trinamool Congress minister Madan Mitra has got bail in the Saradha chit fund scam case after spending 634 days in jail.

Four days before West Bengal goes to Assembly polls, Enforcement Directorate (ED) today filed its first chargesheet in the multi-crore rupee Saradha chit fund scam case naming former Trinamool Congress lawmaker Srinjoy Bose and chairman of the now-defunct group head Sudipta Sen among others.

Shibamoy Dutta, MD of Rose Valley group arrested by CBI in chit fund scam, has emerged as the alleged brain behind the two schemes which were purportedly used by the group to dupe over one lakh investors of over Rs 10,000 crore, four times the money in Saradha scam.

The CBI today conducted searches at 58 locations across the country against the Basil International Limited asset management company in a chit fund scam.

CBI today filed its chargesheet against Saradha group chairman Sudipta Sen and his two companies for alleged cheating.

Markets regulator Securities and Exchange Board of India (Sebi) on Thursday said it has lined up three properties of Saradha Group of Companies for an auction on December 16, at a reserve price of Rs 5.21 crore.

The Enforcement Directorate (ED) has attached assets worth Rs 6.28 crore of Saradha Group of Companies in Assam for running illegal Ponzi schemes by befooling common people, the agency said on Friday.

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

The CBI has arrested the Managing Director of Angel Agritech group, Nazubuulla, who was allegedly on run in one of the ponzi scam cases of West Bengal, commonly known as Saradha scam, officials said Monday.

Trinamool Congress MP Shatabdi Roy has returned to the Enforcement Directorate around Rs 31 lakh she had received from the tainted Saradha group for being its brand ambassador, ED sources said today.

Founded in 2006, the Saradha Group chief, Sudipta Sen's chit fund, through various collective investment schemes, mopped up Rs 3,500 crore from 17 lakh investors in investors in West Bengal, Assam, Jharkhand, Tripura and Odisha before it collapsed in April 2013.

Sudipta Sen, the jailed chairman of the now defunct Saradha Group, today denied all knowledge of an item of crucial evidence, flagged yesterday by Union Minister Prakash Javadekar as "missing".

The CBI has filed a charge sheet against Nalini Chidambaram, the wife of former Union finance minister P Chidambaram, alleging she had received Rs 1.4 crore from Saradha group of companies, embroiled in a chit fund scam, the officials said on Friday.

Two owners of a chit fund company were arrested by CBI in Kolkata on Wednesday, after five hours of interrogation. Basudev Bagchi and his son Avik Bagchi of Prayag Group of Companies were arrested for collecting nearly Rs 2,862 crore from mostly poor people in the state by making fraudulent promises of very high returns, a statement by the agency r...

Early this morning, Trinamool Congress leader Madan Mitra left the jail after nearly 2 years but couldn't go home. He checked into a hotel in the Bhowanipore area of Kolkata.

Former Trinamool Congress minister Madan Mitra has got bail in the Saradha chit fund scam case after spending 634 days in jail.

Four days before West Bengal goes to Assembly polls, Enforcement Directorate (ED) today filed its first chargesheet in the multi-crore rupee Saradha chit fund scam case naming former Trinamool Congress lawmaker Srinjoy Bose and chairman of the now-defunct group head Sudipta Sen among others.

Shibamoy Dutta, MD of Rose Valley group arrested by CBI in chit fund scam, has emerged as the alleged brain behind the two schemes which were purportedly used by the group to dupe over one lakh investors of over Rs 10,000 crore, four times the money in Saradha scam.

The CBI today conducted searches at 58 locations across the country against the Basil International Limited asset management company in a chit fund scam.

CBI today filed its chargesheet against Saradha group chairman Sudipta Sen and his two companies for alleged cheating.