By: Live Law News Network 11 Feb 2019 7:04 AM GMT The Supreme Court today dismissed a petition seeking court monitored CBI probe into the Saradha chit fund scam. "We are not inclined to set up a monitoring committee to monitor the chit fund scam probe," the bench comprising CJI Ranjan Gogoi and Justice Sanjiv Khanna said, rejecting the prayer by few investors. The petitioners alleged that despite the SC handing over the probe to CBI in 2014, not much progress has taken place. Last week, the CBI officials were detained by Kolkata Police, when they attempted to enter the residence of Kolkata City Police Commissioner Rajeev Kumar to question him in relation to the Saradha chit fund case. This led to the CBI rushing to the SC, alleging obstruction of investigation by West Bengal government. The SC on Tuesday directed Rajvee Kumar to co-operate with the investigation, by appearing before CBI at a "neutral location" - Shillong. The CBI were restrained from taking any coercive steps … [Read more...] about SC Refuses To Order Court Monitored Probe In Saradha Chit Fund Scam
By: Live Law News Network 5 Feb 2019 6:57 AM GMT The CBI has undertaken to produce the materials against Kumar and Trinamool Government in "sealed cover" in Court. The additional affidavit filed by Central Bureau of Investigation today in Supreme Court alleges that Rajeev Kumar IPS, Kolkata City Police Commissioner, destroyed evidence and connived with the accused in the Saradha Chit Fund Scam case. Kumar was the head of the Special Investigation Team constituted by West Bengal Government in 2013 to probe the case. "the entire SIT headed by Sh. Rajeev Kumar, is under investigation, as the said SIT, instead of serving the purpose, was conniving with the accused/potential accused persons and was actively subverting the investigation process", says the affidavit sworn by Partha Mukherjee, SP, CBI, EOW, Kolkata. The affidavit states that Kumar was hesitant in handing over the case materials to CBI, when it took up the probe following the SC direction in 2014. The State Police also … [Read more...] about Kolkata CP Rajeev Kumar Destroyed Evidence, Connived With Accused In Saradha Chit Fund Case, CBI Tells SC [Read Affidavit]
By: PTI 2019-01-12T18:39:54+05:30 In a breather to former finance minister P Chidambaram's wife Nalini, the Madras High Court Saturday granted her interim protection from arrest by the CBI in the Saradha chit fund case till she obtains regular anticipatory bail from a jurisdictional court in West Bengal. Justice G K Illanthiraiyan passed the interim order at a special sitting to hear the anticipatory bail plea of Nalini Chidambaram. The judge granted four weeks interim bail to Nalini and directed her to surrender before the Chief Judicial Magistrate, Egmore here and furnish sureties and thereafter approach the jurisdictional court in West Bengal and obtain regular anticipatory bail. Special Public Prosecutor (Enforcement Directorate) G Hema strongly opposed the petition and argued that the court should not entertain Nalini's plea since it does not have jurisdiction in the matter. The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the … [Read more...] about Saradha Chit Fund Case: Madras HC Grants Nalini Chidambaram Interim Protection From Arrest
Share Tweet Plus One Pin It Email Print By: Mehal Jain September 14, 2018 6:38 pm Change Font Size In a reprieve to Nalini Chidambaram, senior advocate and wife of former finance minister P. Chidambaram, the Supreme Court on Friday extended its interim order restraining the Enforcement Directorate (ED) from summoning her in connection with the multi-crore Saradha Chit Fund scam. A bench of Justices U.U. Lalit and Ashok Bhushan was hearing her challenge to the Madras High Court decision refusing to quash the summons issued by the ED. The summons issued under Section 50 of the Prevention of Money Laundering Act (PMLA) required her to appear before the authorised officer of the ED in connection with the Saradha Chit Fund scam. The probe pertained to the payment of Rs 1 crore made by the company of Sudipta Sen, the main accused in Saradha scam, to Nalini Chidambaram, which was claimed to have been received as advocate fees. At the previous hearing on … [Read more...] about Saradha Chit Fund Case: SC Extends Interim Order Restraining ED From Summoning Nalini Chidambaram
Share Tweet Plus One Pin It Email Print By: Live Law News Network August 3, 2018 12:47 pm Change Font Size While issuing notice on the petition filed by Nalini Chidambaram against summons issued by Enforcement Directorate(ED), the Supreme Court bench of Justice A K Sikri and Justice Ashok Bushan passed an order restraining ED from summoning her in the interim. The petition filed by Nalini Chidambaram, Senior Advocate and wife of ex-Finance Minister P Chidambaram, challenged the Madras High Court decision refusing to quash the summons issued by ED. The summons issued under Section 50 of Prevention of Money Laundering Act (PMLA) required Nalini Chidambaram to appear before the authorized officer of the ED in connection with the Saradha Chit Fund Scam. The probe pertained to the payment of Rs. One Crore made by the company of Sudipta Sen, the main accused in Saradha scam to Nalini Chidambaram, which was claimed to have been received as advocate fees. On July 10, … [Read more...] about SC Restrains ED From Summoning Nalini Chidrambaram In Relation To Saradha Chit Fund Case.