Hyderabad: One year after arresting of the promoters of Akshaya Gold Farms and Villas Pvt in the Multi-Level Marketing case, the Andhra Pradesh Criminal Investigation Department has asked the victims to come forward and report to the police in each district. Officials said that there are lakhs of victims, and efforts are on to get the original count of them.
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CHENNAI: Prime accused in the assault of a teacher inside a city school, D Arulanandhu, proprietor of Rich India Ltd., approached a Sessions Court on Tuesday seeking anticipatory bail.

A 35-member gang led by him assaulted S Bhaskar Raj, physical training instructor of Loyola Matriculation School, Kodambakkam, after he allegedly punished his son,...Read More

"The Saradha chitfund scam is crating tremors in Trinamool Congress party and is also affecting the party chief Mamata Banerjee."

Kolkata: The North East India witnessed one of the largest scams in the form of Saradha Chitfund Scam.  The scam involving crores of rupees is having political background also.  The master minds beh...Read More

Anjan Dutta, who is also a State Congress leader, was summoned to the CGO complex in Kolkata for questioning, CBI sources said.

CBI on Monday questioned former Assam Minister and Congress leader Anjan Dutta in connection with its probe in the Saradha chit fund scam in which thousands of investors were allegedly duped.

Dutta was summoned to the CG...Read More

The whole episode on the infamous multi-crore Saradha scam has taken a new turn with arrested ex-Trinamool Congress MP, Kunal Ghosh, accusing West Bengal Chief Minister Mamata Banerjee of being the biggest beneficiary of the scam. The Trinamool chief Mamata has so far defended her position on the subject and the blame game is on.

One thing is clear: the Saradha s...Read More

KOLKATA: The Enforcement Directorate (ED) on Tuesday summoned noted painter Subhaprasanna in the Saradha chit fund scam.

According to reports, the agency had been looking into the land that Subhaprasanna had bought here to set up an art enterprise and had also questioned him last month about his dealings with the Saradha group.

Y...Read More

Rejecting her allegation that the Centre was pursuing a “selective vendetta” against TMC, Union minister M Venkaiah Naidu on Monday said that by making such claims, West Bengal Chief Minister Mamata Banerjee was “helping” those who are involved in criminal cases.

“I always respect Banerjee. She is a fighter. She has brought a big cha...Read More

CHENNAI: Six more persons, all executives of Rich India Ltd, were arrested by the City Police on Saturday for allegedly assaulting physical education training instructor of Loyola Matriculation Higher Secondary School, taking the tally of those arrested in the case to 25.

City police has stepped up its search to arrest the prime accused Arulanand...Read More

CHENNAI: Eight people were arrested on Saturday in connection with a mob attack on a physical education teacher of Loyola Matriculation Higher Secondary School in Kodambakkam alleging corporal punishment. Twenty-five people have so far been arrested after the teacher was beaten up inside the school on Thursday. Teachers met the police commissioner S George and so...Read More

New Delhi, Nov. 23: The finance ministry will seek cabinet approval for a stringent set of rules against Saradha-type ponzi schemes.   The proposed amendments to the Prize Chits and Money Circulation Schemes (Banning) Act — which may come up before the cabinet as early as this week — has widened market regulator Sebi’s power to cove...Read More