Chit Fund Scam
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Kerala couple vanishes with crores in Bengalurua after pulling off 'Phir Hera Pheri'-style scam
India | Jul 08, 2025, 04:38 PM ISTA Kerala couple running a chit fund in Bengaluru has fled after allegedly defrauding hundreds of investors of crores, leaving many devastated and prompting a police manhunt.
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Bengal netas jittery as ED inches closer to actress Subhra in Rose Valley scam
India | Dec 01, 2019, 09:44 AM ISTDuring the high-profile probe by the ED and the Central Bureau of Investigation in the Rose Valley scam, several prominent leaders of Trinamool Congress have been interrogated, arrested and jailed, including Trinamool MP Sudip Bandopadhyay and MLA Tapas Pal. Both were later granted bail by the court.
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CBI arrests Pailan Group CMD in Rs 574 crore chit fund scam
India | Oct 29, 2019, 10:03 PM ISTThe Central Bureau of Investigation (CBI) here on Tuesday arrested Pailan Group's Chief Managing Director Apurba Kumar Saha in connection with Rs 574 crore chit fund scam.
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Govt introduces bill to amend Chit Funds Act in Lok Sabha
India | Aug 05, 2019, 04:17 PM ISTMinister of State for Finance Anurag Thakur introduced the Chit Funds (Amendment) Bill, 2019 amid protests by Opposition parties over the Kashmir situation. The amendments have been proposed to facilitate orderly growth of the chit fund sector, to remove bottlenecks and enable greater financial access to people, as per the bill.
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Commission submits 7th interim report on Odisha chit fund scam
India | Jul 12, 2019, 10:07 PM ISTThe government had formed the one-man commission on July 9, 2013 to probe the chit fund scam and identify the investors.
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Chit fund scam: CBI seeks SC permission to arrest top cop Rajeev Kumar
India | Apr 07, 2019, 08:13 PM ISTIn its plea to the apex court, the agency said the recall of the order granting Kumar an interim protection from the arrest was necessary "to unravel the entire gamut of the larger conspiracy in the ponzi scam cases".
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CBI grills Kolkata police chief Rajeev Kumar; ex-TMC MP Kunal Ghosh also summoned
India | Feb 10, 2019, 11:56 AM ISTGhosh, who was arrested in November 2013 in connection with Saradha and Rose Valley chit fund scams and granted interim bail by Calcutta High Court in 2016, has also arrived in Shillong after the CBI summoned him.
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Chit fund scam: After 8-hour long questioning, Kolkata Police Chief to be grilled again today
India | Feb 10, 2019, 06:09 AM ISTKumar arrived at the probe agency's office at 11 am today, along with his counsel Biswajit Deb and senior IPS officers Javed Shamim and Murlidhar Sharma.
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Both action, reaction not good for democracy: CPI criticizes Centre, Mamata Banerjee over Kolkata developments
India | Feb 07, 2019, 04:16 PM ISTTalking to reporters in Hyderabad, CPI General Secretary S Sudhakar Reddy said the Central government should stop using the CBI and the Enforcement Directorate (ED) against political opponents.
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Exclusive | Kolkata Police chief deleted 80% call details of his cell phone
India | Feb 06, 2019, 12:07 PM ISTThe Supreme Court on Tuesday directed Kumar to "faithfully" cooperate with the CBI.
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Blow to Mamata Banerjee, moral victory for CBI: BJP on SC order in chit fund case
National | Feb 05, 2019, 12:32 PM ISTThe Mamata Banerjee-led government in the state and BJP are at loggerheads after the CBI tried to question Kolkata's police commissioner in connection with chit fund scams.
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'Kleptocrat's Club': Jaitley slams Opp for backing Mamata Banerjee
National | Feb 05, 2019, 11:52 AM ISTIn a blog, Jaitley hit out at Banerjee, dubbing her act as a "disproportionate over reaction" aimed at projecting herself as a "nucleus" of opposition parties.
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There may be constitutional breakdown in West Bengal: Rajnath Singh
National | Feb 04, 2019, 01:31 PM ISTCBI in its petition says Kolkata Police Commissioner Rajeev Kumar was summoned multiple times but failed to cooperate and created hurdles in the investigation.
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Will continue Satyagraha till country is saved: Mamata Banerjee
National | Feb 04, 2019, 08:01 AM ISTA CBI team, which went to Kumar's residence in the city's Loudon Street area, was denied permission, bundled into police jeeps and were whisked to a police station.
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CBI gets custody of MPS Group chief in chit fund scam
India | Mar 17, 2015, 10:42 PM ISTKolkata: Probing the chit fund scam in West Bengal, the CBI on Tuesday secured the custody of MPS Group chairman Pramatha Nath Manna, who was arrested for allegedly duping investors.Manna was arrested on September 27
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Chit fund scam: CBI arrests Seashore group director Pravat Kumar Dash
India | Jan 24, 2015, 04:58 PM ISTNew Delhi: CBI today arrested Seashore Group of companies Director Pravat Kumar Dash in connection with its probe into multi-crore chit fund scam.Sources in the CBI said, Dash was director in all the 15 companies
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Saradha scam action: BJP says Mamata is pressing panic button
National | Dec 13, 2014, 01:14 PM ISTNew Delhi: BJP today slammed West Bengal Chief Minister Mamata Banerjee for her “political vendetta” charge over action in Saradha scam, saying she is pressing the “panic button” and “rattled” by the possibility that her
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Odisha: Congress blames Naveen Patnaik for abrupt end of Assembly session over chit fund scam
National | Dec 06, 2014, 11:39 PM ISTBhubaneswar: Blaming Chief Minister Naveen Patnaik for abrupt end of the winter session of Odisha Assembly, Congress today sought a clarification from the ruling BJD President on credentials of one Saroj Sahoo who was grilled
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Congress demands Naveen's resignation for chitfund scam
National | Nov 29, 2014, 09:22 PM ISTBhubaneswar: Demanding resignation of Odisha Chief Minister Naveen Patnaik and his inclusion in the purview of CBI probe into chitfund scam, Congress workers today launched an agitation by holding demonstrations and rallies in the state.Congress
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Congress demands Naveen's resignation after CBI grills aide
National | Nov 23, 2014, 09:20 PM ISTBhubaneswar: A day after his close aide was quizzed by CBI, Congress today asked Odisha Chief Minister Naveen Patnaik to resign and demanded a probe against him by the central agency in the chitfund scam.