Saradha chairperson, two firm officials flown to Kolkata

PRESS TRUST OF INDIA

Srinagar, Apr 24: Chit fund scam accused Sudipta Sen and two officials of his Saradha company were flown to Kolkata on Wednesday after the West Bengal police was granted four days transit remand by a court here.
 Sen, chairman of the Saradha chit fund company, which has allegedly defrauded thousands of depositors, was arrested on Tuesday along with Debjani Mukherjee, director, and Arvind Singh Chouhan, who looked after the firm's operations in Jharkhand.
 They were presented before Chief Judicial Magistrate of Ganderbal, Parvez Hussain Kachroo, who granted the transit remand for which the application was filed by the West Bengal police. Initially the trio had been detained in Sonamarg by the JK police.
 The trio was being flown to Kolkata via Delhi. Before being produced before the court, Sen, Mukherjee and Chauhan were put through medical examination after which doctors declared them fit to be taken out of the Valley. Lakhs of investors of the chit fund group have taken to the streets alleging they have been duped of huge amounts. Hundreds of agents of the company have also been rendered jobless.
 According to the police, the three accused had set out from the Salt Lake residence of Sen in Kolkata on April 12 in a Scorpio vehicle with a West Bengal registration number. They first drove to Ranchi and then through different states before reaching Sonamarg. The vehicle has been seized.
 The bubble burst after capital market regulator SEBI started cracking the whip on chit fund companies for flouting rules, triggering pressure on the group's finances.
 The West Bengal government has announced formation of a Special Investigation Team and a high-level inquiry into chit fund companies after the collapse of the Saradha group.

Lastupdate on : Wed, 24 Apr 2013 21:30:00 Makkah time
Lastupdate on : Wed, 24 Apr 2013 18:30:00 GMT
Lastupdate on : Thu, 25 Apr 2013 00:00:00 IST




  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM KASHMIR

  • Kashmir

PM’s special scholarship scheme for JK in doldrums

Only 663 Beneficiaries Since 2011, HE Dept To Seek Extension

ABID BASHIR

Srinagar, Apr 24: The special scholarship scheme for the students hailing from Jammu and Kashmir announced by the Prime Minister Manmohan Singh has proved to be a damp-squib.    The dismal More



  • Srinagar City

OOPS! LAL CHOWK BEAUTIFICATION PROVES UGLY

3 years on, Govt discovers City centre chocking; starts demolition of park

M HYDERI

Srinagar, Apr 24: What started amid hype as “revival of lost glory” by the ruling coalition –the Lal Chowk Beautification –has proved wastage of Rs two odd crores with state government finally discovering More




  • Jammu

JK Govt approves Rs 15 cr child mortality reduction plan

Jammu, Apr 24: Jammu and Kashmir government on Wednesday approved an action plan worth Rs 15.36 crore under the 13th Financial Commission to bring down the child mortality rate in the state. The plan More



  • South Asia

6.2-magnitude quake shakes Pakistan

PRESS TRUST OF INDIA

Islamabad, Apr 24: A powerful 6.2-magnitude earthquake today shook the Pakistani capital and many northern parts of the country though there were no immediate reports of casualties, officials said.  More



  • World

Over 100 killed in Bangladesh building collapse

ANISUR RAHMAN

Dhaka, Apr 24: Over 100 people were killed and 800 others injured today when an eight-storey commercial building that housed several garment factories and thousands of workers collapsed on the outskirts More



  • GKeducation&career

Battling for survival

Survey depicts Kashmiris are gradually losing their mother tongue

KASHMIRI LANGUAGE

ARIF SHAFI WANI

Mother tongue is considered to be the essence and identity of a nation and its citizens. Irrespective of different places of their birth, religion and cultural moorings, children learn their mother tongue More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions