Chit fund scam: The CBI sleuths have recovered cash worth Rs 80 lakhs from his possession so far. The counting of the cash is on following which the exact amount of recovery will be known.
The maximum commission for foreman, who is responsible for managing the chit, is proposed to be raised from 5 per cent to 7 per cent. The bill also allows the foreman a right to lien against the credit balance from subscribers.
To facilitate orderly growth of the chit fund sector, Minister of State for Finance and Corporate Affairs Anurag Thakur said through the Chit Fund (Amendment) Bill, 2019 the government was making changes in the rules for starting a chit fund, which earned a negative image in the recent past.
The CBI approached the Supreme Court on Friday challenging the anticipatory bail granted to senior West Bengal cadre IPS officer Rajeev Kumar in connection with the multi-crore-rupee Saradha chit fund scam.
The Central Bureau of Investigation (CBI) on Monday carried out searches at over 11 places in West Bengal, Bihar, Tripura and New Delhi in its probe into a chit fund scam to the tune of Rs 87 crore.
CBI team reaches CID office to question ex-Kolkata top cop Rajeev Kumar
Its directors Anukul Maity and his wife Kanika were arrested by the agency last year.
ED had registered a criminal FIR against the firm, its Chairman Gautam Kundu and others in 2014 under the PMLA.
Two MPs of Trinamool Congress - Sudip Bandyopadhyay and Tapas Paul - have been issued summons by the Central Bureau of Investigation (CBI), in connection with the alleged Rose Valley scam, one of the cases
Kolkata: The CBI, which is probing the chit fund scam in West Bengal, on Wednesday submitted a charge sheet indicting six directors of state based Win Realcon Ltd for illegally raising public money.Filed before the
Bhubaneswar: CBI sleuths today conducted raids across 14 locations against Micro Finance Limited, one of the 44 chit fund companies under the scanner of the central investigating agency.A senior CBI official said raids were conducted
Berhampur/Bhubaneswar: Nine teams of Central Bureau of Investigation (CBI) on Tuesday raided the houses of five directors of chit fund group Safex Infra India Pvt Ltd in chief minister Naveen Patnaik's home district Ganjam, Balasore,
Kolkata: A court here Friday again rejected the bail plea of West Bengal Transport Minister Madan Mitra, who was arrested in the Saradha scam, and extended his judicial custody till Jan 16.On the expiry of
Cuttack: The Orissa High Court today refused to grant interim bail to arrested chitfund scam accused Ranjan Das for treatment of oral cancer outside the state. Instead, Justice Raghuvir Das asked the petitioner to undergo
Cuttack: Demand for resignation of newly appointed Advocate General (AG) of Odisha gained momentum as a large number of investors in tainted chit-fund companies led by opposition Congress and BJP staged dharna in front of
Kolkata: Superintendent of Presidency Correctional Home, jail doctor and on duty staff were today suspended in connection with the alleged suicide attempt by suspended TMC MP and Saradha scam accused Kunal Ghosh as the West
Bhubaneswar: Separate courts here today rejected bail petitions of suspended BJD MLA Pravat Tripathy, model Preeti Bhatia and two others arrested for their alleged links with the multi-crore chitfund scam in Odisha.Tripathy, who was produced
Bhubaneswar: Four days after his anticipatory bail plea was rejected by the Orissa High Court, the CBI today interrogated senior BJD MLA and former Chief Whip Pravat Tripathy in connection with a non-banking financial institution
Kolkata: The Justice Shyamal Kumar Sen Commission on chit funds today submitted its 404-page report to the state government."I have submitted the report. It is a 404-page report," Justice Sen said while walking out of
New Delhi: The CBI will form a Special Investigation Team (SIT) soon to probe the Saradha chit fund scam in which investors in West Bengal, Odisha and Assam were allegedly duped of Rs 10,000 crore
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