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

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

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

NEW DELHI: The Supreme Court on Friday forced amicus curiae Shyam Divan to withdraw his application seeking court monitoring of CBI's probe into the Rs 500 crore Odisha chit fund scam by advising him that he was to supposed to assist the court and not remotely appear to advance the petitioner's cause.   Divan had moved the SC alleging that th...Read More

NEW DELHI: CBI today registered five new cases against as many non-Saradha companies based in West Bengal in connection with its probe into the multi-crore chit fund scam in which thousands of gullible investors allegedly lost their deposits.   The agency registered cases against Angel Group of Companies, PAFL Industries Ltd, Royal International Trad...Read More

Retired Supreme Court judge and former West Bengal Human Rights Commission Ashok Ganguly today criticised the present situation in West Bengal and said people have to stand up to defend their rights.   Speaking at a convention, he said we come down to the streets as this was only way to protect ourselves from the situation.   "The state has reached ...Read More

NAGPUR: Minister of state for chemicals and fertilizers Hansraj Ahir, the man behind the coal scam exposure, has called for initiating criminal proceedings against those who profited from mines allotted to them by the previous regime. He was in the city on his way to Chandrapur, his electoral constituency, on Friday.   Following the scam exposure, th...Read More

NEW DELHI: Alleging "massive corruption" in the Dental Council of India, activist lawyer Prashant Bhushan on Friday said that some council members had received pecuniary benefits from private colleges in return for increase in the number of MDS seats. Bhushan has written to Union health minister J P Nadda seeking a CBI inquiry against DCI members. &...Read More

Thiruvananthapuram, Nov 14 (IANS) Director General of Police M.N. Krishnamoorthy will probe the complaint of solar panel scam accused Saritha Nair against Additional Director General of Police K. Padmakumar, Kerala Home Minister Ramesh Chennithala said Friday.   Nair Thursday gave a complaint to Kerala police chief K.S.Balasubramaniam, alleging that ...Read More

Kolkata: Suspended Trinamool Congress MP and Saradha scam accused Kunal Ghosh, who allegedly tried to commit suicide in the Presidency Correctional Home and was admitted to state-run SSKM Hospital, was on Sunday discharged and taken back to the jail. Police sources said that the process of Ghosh's transfer back to the Presidency jail was done amid tight security an...Read More