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PONZI SCHEME CASE
Guarantee schemes won’t stop, says Shivakumar; Will continue beyond 2028 polls, adds SiddaramaiahKarnataka's Congress government assures its guarantee schemes will continue. Chief Minister DK Shivakumar stated the ongoing verification d...- Multi-crore ponzi scheme exposed in Karnataka: Over 40,000 investors duped in Shivananda Neelannavar fraud caseThe CID has exposed a massive Rs 2,400 crore Ponzi scheme run by Shivananda Neelannavar, defrauding over 40,000 investors. A significant po...
- US Supreme Court upholds SEC in fight over 'disgorgement' powerThe justices, in a 9-0 ruling, upheld a lower court's decision that had endorsed a wide use of the SEC's disgorgement authority. President ...
- Rs 60,00,00,00,000 Scam: How this con woman used Sharia law to trap nearly 2 lakh investors chasing 'Halal profits'Rs 6000 crore Ponzi scam: Nowhera Shaik, a Hyderabad-based businesswoman, has been arrested by the Enforcement Directorate in connection wi...
- Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...
- Rs 1 cr retirement corpus not enough: PSU employee retiring after 35 years job breaks down before son seeking helpA PSU employee retiring with nearly Rs 1 crore faces family anxiety due to his history of financial mismanagement and falling victim to sca...
- Ponzi scheme case: Mining baron G Janardhan Reddy arrestedJanardhan Reddy is accused of taking a Rs 20-crore bribe to bail Syed Ahmed Fareed, accused in a Ponzi scheme case, out from the Enforcemen...
- ED raids its ex officer in Rs 600 crore ponzi scam caseOfficials claimed that the ex-Deputy Director of the ED's Chandigarh zone was allegedly taking bribes, to the tune of about 4-6 crore, in p...
- PACL ponzi scam case: ED attaches Rs 472 cr assetsThe ED had registered a criminal case against the firm in 2015 based on a CBI FIR against the group, its directors and officials.
- 164 ponzi companies vanished after raising public money: FM Arun JaitleyCases pertaining to the 164 ponzi or chit fund companies have been assigned to the Serious Fraud Investigation Office for investigation, Ja...
- IMG mulls single agency to lead ponzi fraud investigationsThe IMG was set up against the backdrop of the collapse of Kolkata-based Saradha Group that had allegedly duped lakhs of investors.
- 72 cases registered by CBI against ponzi schemes in last three years: GovernmentAccording to RBI, ponzi schemes are not under its regulatory preview and also it has not come across any such scheme floated by NBFC.
- Enforcement Directorate attaches Rs 116 crore kept in Singapore bankED has successfully attached around Rs 166 cr kept in a Singapore bank in connection with money laundering probe in a city-based ponzi scam...
- New SOP for agencies probing ponzi schemes in the offingThe move comes following instances in which investors have been duped of their hard earned money through ponzi schemes.
- SFIO registered 107 ponzi cases in two years: GovernmentPonzi or MLM schemes are fraudulent investment operations, which lure investors with promise of high returns.
- Congress demands Naveen Patnaik's resignation after CBI grills aideReferring to the interrogation of Patnaik's close aide Saroj Sahoo by the CBI yesterday, Mishra said Saroj had been given all powers by the...
- Govt mulls central oversight agency to check ponzi menaceThe CEIB has also suggested empowering the proposed agency to take up for investigation those cases that may have taken place in different ...
- Ponzi menace needs better surveillance, not new regulator: RBIActive involvement of state governments is very important to keep a tab on such activities and take action against the culprits, RBI said.
- Corporate Minister Sachin Pilot pitches for distinction between ponzi, genuine schemes"While steps should be taken to crack down on fraudulent companies running dubious investment schemes, companies that are reputed," the Min...
- Inter- ministerial group set up to suggest ways to tackle ponzi scheme menaceThe government has set up an inter-ministerial group to suggest ways to tackle fraudulent money pooling activities and protect the interest...
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