SALEPUR: Nischintakoili police on Wednesday arrested two more employees of DP Investment Services Private Limited, a chit fund agency of DP Group of companies. The arrested are director Maheswar Tripathy of Sahadebpur and agent Biswa Bhusan Nanda of Gopapur. Earlier, police had arrested three persons including managing director of the ponzi firm Debasis Panda and directors Surend...Read More

The Central Bureau of Investigation is likely to seek details from authorities in Singapore on the antecedents of a Rs. 180-crore fund parked there in the name of a local trust, on the suspicion it could be part of the Saradha scam’s money trail.

It is suspected that the fund comprises parts of the loans allegedly taken from banks by a West Bengal-based fir...Read More

KOLKATA: The Enforcement Directorate will file its chargesheet in the multi-crore Ponzi scam of Saradha group in December.

In last nine months, the ED has issued seven attachment orders, which included three from West Bengal and two each from Odisha and Assam. It has so far identified properties of Saradha group worth Rs 1,500 crore. Of this, it has been able to ...Read More

Bhubaneswar, Oct. 30: The state government is in a dilemma whether to accept a draft worth Rs 10.45 lakh sent by eminent writer Manoj Das to the Chief Minister’s Relief Fund or return it.

The dilemma is due to the fact that Das is making the donation following criticism from certain quarters that he had earned the amount as honorarium for acting as an advis...Read More

Investigations into the multi-crore Saradha scam have revealed that the accused in the case allegedly invested crores of rupees in certain overseas firms. The CBI, sources said, may soon seek details about an alleged investment of Rs180 crore made by an accused in a Singapore-based trust from the authorities concerned there.

Sources said, “Investigations re...Read More

KOLKATA: CBI has asked state textiles minister Shyamaprasad Mukherjee to submit land record deeds and papers related to the business deal between him and Saradha boss Sudipta Sen regarding Saradha's acquisition of Landmark Cement Company.

The developments came after the Enforcement Directorate shared certain documents with CBI. Both the agencies have alleged ...Read More

New Delhi: The bomb blast at Khagragarh village in Burdwan district and subsequent unearthing of bomb-making units in other districts in West Bengal have exposed a deadly cocktail of hawala operation, money laundering, and round-tripping of illicit money via tax havens and NGOs to fund terror operations in India and Bangladesh

Joint investigation by the National ...Read More

It was ego fueled. We were rolling, you know, we were — we were all, me, Stu, Lippman, Adler, Boden, we were living like rock stars; private jets, massive amounts of money. There were lots of things that kept fueling that. As I’m sure you realize from looking at everything, there came a point in time when the only portion about it, which was money, was keeping the Pon...Read More

METHUEN — One of three local men implicated in an alleged global Ponzi scheme that snared hundreds of investors in Massachusetts is resigning from two city boards on which he has served for more than a decade.

James Piemonte was a longtime member of the Registrar of Voters and the Licensing Board, positions he has held since 2001 and 2002, respectively. He ...Read More

TRENTON, N.J. >> A former NBA player convicted in a real estate Ponzi scheme is due in court to argue for a new trial.

Tate George has accused the government of prosecutorial misconduct. He’s scheduled to appear in court in Trenton on Friday.

George was convicted last fall on four mail fraud counts. He has been jailed since his convic...Read More