New Delhi, Feb 11: The Supreme Court has refused to entertain a plea that sought a court monitored probe into the Saradha chit fund scam.
New Delhi, Feb 05: There have been multiple agencies that have probed the multi crore Saradha Scam which has now taken centre stage. The Supreme Court had to intervene today and direct the Police Commissioner of West Bengal to appear before the CBI at a neutral venue in Shillong.
New Delhi, Feb 05: The Saradha and Rose Valley scam are back in the news with an unprecedented incident in which, CBI officials were detained by the Kolkata Police. While the CBI has always been under attack since it took over the probe, this incident was a new low where the investigation of this scam is concerned.
New Delhi, Feb 04: The Rose Valley and Saradha scams are not small financial frauds by any means. While the Saradha scam rocked the state, it was found that the Rose Valley scam was a bigger one.
Kolkata, Feb 04: Amidst the drama that unfolded in Kolkata, the CBI says that there is crucial evidence that links the chit fund scams to influential people. In April 2013, a Special Investigation Team had collected crucial evidence in the Saradha Chit Fund Scam.
This ponzi scam is huge and in terms of numbers beats the infamous Saradha chit fund case as well. It was a Rs 3,700 crore ponzi scam that the Enforcement Directorate busted in Noida. The ED attached assets worth Rs 599 crore from the Noida-based firm which allegedly promised money in exchange for likes on the social media.
Bengaluru, Sept 17: The Enforcement Directorate (ED) is preparing fresh summons to be issued to Nalini Chidambaram, wife of former union minister, P Chidambaram in connection with the Saradha scam. A fresh summons is being issued after the ED sought legal opinion which cleared the action.