Saradha

Saradha chitfund scam accused Madan Mitra admitted to hospital

Saradha chitfund scam accused West Bengal Minister Madan Mitra was admitted to a private hospital here on Tuesday morning as CBI moved Calcutta High Court seeking cancellation of his bail.

Nov 03, 2015, 12:46 PM IST

Saradha, Rose Valley illicitly raised Rs 12,740 cr: Govt

Probing illicit fund raising by Kolkata-based companies, Ministry of Corporate Affairs has found that group firms of Saradha and Rose Valley mobilised amounts to the tune of Rs 12,740 crore.

Feb 24, 2015, 17:54 PM IST

RBI to redefine deposits as ponzi scams mount

In the wake of unearthing of multiple unauthorised deposit raising schemes and scams such as Saradha and PACL, RBI Deputy Governor R Gandhi on Monday said the Reserve Bank is working with the government on redefining as to what constitutes a deposit.

Aug 25, 2014, 20:35 PM IST