The ponzi scheme saga reached a new height on Friday when a chit fund company owner was allegedly kidnapped by a group of disgruntled agents in a filmy style in Kolkata. Mohammed Mushtakim, 33, the managing director (MD) of Gem Dream Company Ltd in Murshidabad, was, however, rescued by the police soon after his abduction.

Acting tough into the panchayat poll preparations, the West Bengal state election commission (WBSEC) is going to issue its notification for the rural elections this week, after the Mamata Banerjee gov

West Bengal governor M.K. Narayanan lauded the Mamata Banerjee government’s performance on the occasion of its completion of two years in office.

Spending a night behind bars in Dum Dum Central Jail, scamster Sudipta Sen is back in the police custody, but only after making startling revelations at the court.

The Saradha scam witnessed twin twists on Saturday when the chit fund company owner Sudipta Sen was remanded by the court in judicial custody as the detective department (DD) of the Bidhannagar city police did not seek his remand further, while his top aide Debjani Mukherjee skipped court production and got admitted to a private hospital complaining of illness.

The chit fund empire in West Bengal appears to be even bigger than the ministry of corporate affairs’ (MCA) list of 73 companies as the income-tax (I-T) department of the finance ministry has zeroed i

The investigators into the Saradha scam are likely to question income-tax (I-T) officials to probe how the chit fund company had managed to flourish violating its rules.

Totally disassociating herself from her boss Sudipta Sen, Debjani Mukherjee, one of the Saradha Group’s arrested directors, claimed she was innocent.

A chit fund company owner was found dead in mysterious circumstances while an agent and another agent’s father killed themselves, continuing the spate of suicides connected to the chit fund scam.

Arrested Saradha Group CMD Sudipta Sen, who had remained unfazed and cool during interrogation for nearly a week, on Friday looked shattered before his interrogators after the detective department (DD) of the Bidhannagar city police recovered 15 property-related documents of his chit fund empire.