The move comes following instances in which investors have been duped of their hard earned money through ponzi schemes.

Chief Judicial Magistrate, Darjeeling court, Utpal Mishra passed the order yesterday evening during which Sen was present in the court.

BJD's joy of victory was shortlived as things turned difficult for the state government after CBI began its probe into ponzi scheme scam.

"They (investors in ponzi schemes) are not suffering because CBI is not investigating these cases. They are suffering because of other reas...

Congress workers staged demonstrations in district headquarter towns asking the chief minister to step down and face investigation in the m...

Referring to the interrogation of Patnaik's close aide Saroj Sahoo by the CBI yesterday, Mishra said Saroj had been given all powers by the...

Stating that his party members would raise issues relating to the development of the state and welfare of the people, Patnaik said his gove...

BJP alleged that CM & ministers concerned were responsible for signing of MoUs with tainted chitfund company Seashore, whose owner has been...

Odisha CM Naveen Patnaik suspended Hansda and Naik from the party immediately after their arrest by the CBI in connection with the ponzi sc...

Senior BJP leader Bijay Mohapatra today claimed that the ruling BJD laid the 'foundation stone' for 'land grabbing' in the state.

TMC accused CPI(M) of having promote chit funds in WB during the Left Front rule & claimed that Mamata govt was taking firm action against ...

Opposition Congress today sought a clarification from Chief Minister Naveen Patnaik on Odisha government's plan to return money to poor inv...

India Post, the government department that is seeking a banking license, is flooded with small savings in West Bengal after investors lost ...

Two executives of two ponzi scheme companies, including the Saradha Group, were arrested from here on the charge of cheating, the police sa...

A court in Kandhamal district today sentenced the chief of a ponzi scheme company to seven years' rigorous imprisonment for duping deposito...

The Inter-Ministerial Group to strengthen coordination among different government agencies to curb fraudulent money raising activities will...

The government today said it has found 87 companies across the country to have vanished after raising funds totalling Rs 342 crore through ...