Superintendent of Presidency Correctional home, jail doctor and on duty staff were suspended   When Kunal Ghosh, a key accused in the Saradha ponzi scheme scam and suspended Trinamool Congress MP now behind bars, threatened suicide on Monday nobody quite took him seriously.   Ghosh has been demanding that real culprits behind the siphoning of the Saradha...Read More

The founder of scam-hit Satyam Computers, Ramalinga Raju appeared at a local court in Hyderabad today.   The founder of scam-hit Satyam Computers, Ramalinga Raju appeared at a local court in Hyderabad today. This was after he was summoned by the court over complaints filed by market regulator Securities and Exchange Board of India.   The court directed R...Read More

In unraveling the complex financial trail of the Sudipta Sen-orchestrated Saradha scam, the Special Fraud Investigation Office (SFIO) team has found that the books of the group show money parked in seven companies with very low or even negative net worth.   The SFIO report states that there was no economic rationale in investing in these companies and the books of ac...Read More

Kolkata: Suspended Trinamool Congress Rajya Sabha MP Kunal Ghosh attempted suicide inside his prison cell, Friday, days after he had warned that he will end his life if the CBI did not take proper action against ‘those involved’ in the Saradha scam.   Ghosh is lodged in the Presidency Jail. He had threatened to commit suicide when he was ...Read More

BALASORE: Bhadrak police arrested managing director, area manager-cum-promoter and a director of a chit-fund company on Thursday for allegedly duping investors of crores of rupees. The company was into money circulation business through its eight branches in six districts of the State.   The accused are managing director of Milan Jyoti International ...Read More

THIRUVANANTHAPURAM: The Kerala Congress(M),which remains virtually shattered ever since its supremo and Finance Minister K M Mani was embroiled in the bar bribe allegations, has gone for an in-house investigation on a growing suspicion that party vice-chairman P C George had been instrumental in making up the case.   A five-member panel constituted u...Read More

Bhubaneswar: In a setback to Mumbai based model Preeti Bhatia, who is currently lodged in Jharapada jail in the state capital in connection with the chit fund scam, the Khordha district and sessions court on Thursday rejected her bail plea.   Earlier, the special CBI court had rejected the bail plea of Bhatia and she was sent to judicial custody on O...Read More

MOHALI: Punjab Vigilance Bureau arrested a public distribution clerk of Punjab State Civil Supplies Corporation Limited (PUNSUP) for his alleged involvement in the embezzlement of wheat bags and other objects worth Rs 2.57 crore from a godown in Mohali last year.   The accused has been identified as Gurmeet Singh, who was working as a clerk in PUNSUP...Read More

CHANDIGARH: After probing irregularities in the allotment of Rs 4.50 crore tender to a private firm for seven months, the Central Bureau of Investigation (CBI) on Thursday moved a detailed report to its headquarters in Delhi seeking permission for further legal action. Chandigarh municipal corporation had allotted operation and maintenance of 86 public toilets to...Read More

Kolkata: The Enforcement Directorate today questioned officials of the Indian Railways-owned IRCTC in connection with the Saradha scam probe.   An ED source told PTI that three IRCTC officials came to the office of the Directorate and they were questioned about the details of the agreement which the Saradha Group had entered into with IRCTC. &nbs...Read More