News Analysis India

Tag: I-Core ponzi scam

  • CBI to interrogate West Bengal Minister Manas Ranjan Bhunia on Monday in I-Core ponzi scam case

    By PTI

    KOLKATA: The Central Bureau of Investigation (CBI) will question West Bengal minister Manas Ranjan Bhunia at his residence on Monday in connection with its probe into the I-Core ponzi scam, a source in the agency said.

    Bhunia, the minister for water resources investigation and development, will be quizzed at his home as he is a senior citizen, the source said.

    The Trinamool Congress MLA from Sabang was allegedly seen in some of the public functions organised by the now-defunct I-Core which was charged with duping investors by offering them abnormally high returns on investments.

    “Officials of the economic offences wing of the CBI will go to Bhunia’s home to quiz him in the I-Core chit fund case,” the source said.

    Earlier, the Enforcement Directorate (ED) had also served a notice to the minister in the same ponzi scam.

    The CBI had on September 13 questioned West Bengal Industry Minister Partha Chatterjee for nearly two hours in connection with his alleged involvement in the I-Core chit fund scam.

    Like Saradha and Rose Valley chit fund companies, I-Core raised money from the public by several fraudulent schemes floated by it.

    The CBI had taken over the investigation of Saradha and other ponzi scam cases on the orders of the Supreme Court on May 9, 2014.

  • CBI interrogates West Bengal minister Partha Chatterjee for two hours in I-Core ponzi scam case

    By PTI

    KOLKATA: The Central Bureau of Investigation (CBI) on Monday questioned West Bengal Industry Minister Partha Chatterjee for nearly two hours in connection with his alleged involvement in the I-Core ponzi scam, sources in the probe agency said.

    A three-member CBI team questioned Chatterjee, also a senior Trinamool Congress leader, in his Camac Street office. “I told them whatever I had to say. I hope they are satisfied with the answers,” he told reporters after the questioning.

    Chatterjee was allegedly seen in some of the public functions organised by the now-defunct I-Core which was charged with duping investors by offering them abnormally high returns on investments. Like Saradha and Rose Valley chit fund companies, I-Core raised money from the public by several fraudulent schemes floated by it.

    The economic offences wing of the CBI had asked Chatterjee to appear before its officials on September 13 at the CGO Complex office of the central agency. The TMC secretary general, however, pleaded that he be interrogated at his office since he is busy with other preoccupations, CBI sources said.

    Earlier, the Enforcement Directorate (ED) had also served a notice to the minister in the same ponzi scam. The CBI had taken over the investigation of Saradha and other ponzi scam cases on the orders of the Supreme Court on May 9, 2014.

  • ED serves notice to TMC leader Partha Chatterjee regarding I-Core ponzi scam

    By ANI
    KOLKATA: The Enforcement Directorate (ED) on Wednesday served notice to West Bengal Minister and senior TMC leader Partha Chatterjee asking him to appear before it next week, in connection with the I-Core ponzi scam.

    This has come in the midst of ongoing West Bengal Assembly polls.

    Earlier on Monday, the Election Commission had banned Chief Minister Mamata Banerjee from campaigning in the ongoing state elections for 24 hours and said she had made “highly insinuating and provocative remarks laden with the serious potential of the breakdown of law and order and thereby affecting the election process”.

    The fifth phase of the eight-phased Assembly elections will take place on Saturday.