Chit Fund Scam

Chit Fund Scam News

Chit fund scams: Madan Mitra questioned, Satabdi summoned

Rose Valley was linked to many TMC leaders, including a few MPs. Some of them have been questioned by the CBI and ED.

Chit fund case: SC refuses urgent listing of Rajeev Kumar's plea for further protection from arrest

Kumar has rushed to the top court seeking indefinite extension of shield from arrest on the ground that work in trial courts in Kolkata and the Calcutta High Court has been paralysed due to the ongoing strike by lawyers.

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Will see if evidence shows need for custodial interrogation of ex-Kolkata CP Rajeev Kumar, says SC

A bench headed by Chief Justice Ranjan Gogoi made this observation after perusing the case diary placed before it by the CBI, which sought Kumar's custodial interrogation claiming that there was prima facie evidence that he had tried to destroy or tamper with evidence and "shield high and mighty" in the case.

SC judge recuses from CBI plea alleging obstruction by WB authorities in Sarada chit fund probe

On February 18, West Bengal Chief secretary Malay Kumar De, DGP Virendera Kumar and Kolkata Police Commissioner Rajeev Kumar had filed separate affidavits in the apex court and had tendered "unconditional and unambiguous apology".

Punjab Chit fund scam: Arrested suspect has named Cong MLA’s aide, say police

In a fresh development, the name of Amritpal Singh the personal assistant of Congress MLA Rana Sodhi from Guru-Har-Sahai constituency of Ferozepur district, has cropped up in connection with the case.

Odisha police seek L-R against chit fund scam accused

Panda was arrested from Bhubaneswar station last year before he could board a train to Vizag, from where he was to catch a flight to Singapore.

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Chit fund scam: Motewar sent to judicial custody, to be sent to Odisha for further probe

Motewar is presently in the custody of the CID and would be handed back to Odisha police for further investigation in a chit fund scam.

Saradha scandal: Supreme Court orders CBI probe into chit fund scams in West Bengal and other states

The SC asked all states to assist the CBI in expediting the investigation into the chit fund scams.

CBI conducts searches at 58 locations in Mahrashtra, Pune in chit fund scam

In 2013, the Securities and Exchange Board of India (SEBI) had barred the directors of the company, which is headquartered in Shivajinagar in Pune, from raising money from its investors.

Chit fund scams in state total Rs 10K cr over 15 years: Govt

The government has so far lodged cases 163 criminal cases against unregulated chit fund firms.

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