The ED had registered a criminal case against the firm in 2015 based on a CBI FIR against the group, its directors and officials.

The financial regulators are worried that a complete lack of regulatory regime for such cryptocurrencies may give rise to 'e-ponzi' schemes.

The 30-member panel has suggested instituting a 'special audit' with regard to Multi-State Cooperatives — which have increased abnormally i...

The IMG was set up against the backdrop of the collapse of Kolkata-based Saradha Group that had allegedly duped lakhs of investors.

A proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.

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

Ponzi or MLM schemes are fraudulent investment operations, which lure investors with promise of high returns.

The DFS has earlier circulated draft amendments PCMCSB Act, 1978, to various law and enforcement agencies for their views.

In its case against PACL and PGF, CBI has named PGF Director Nirmal Singh Bhangoo and PACL Director Sukhdev Singh besides six other directo...

The CEIB has also suggested empowering the proposed agency to take up for investigation those cases that may have taken place in different ...

Active involvement of state governments is very important to keep a tab on such activities and take action against the culprits, RBI said.

"We will work closely with concerned ministries and industries to remove the ambiguity in the law as soon as possible," corporate affairs m...

"While steps should be taken to crack down on fraudulent companies running dubious investment schemes, companies that are reputed," the Min...

Sachin Pilot today said the government will remove as early as possible the ambiguities in laws aimed at tackling fraudulent investment sch...

The government has set up an inter-ministerial group to suggest ways to tackle fraudulent money pooling activities and protect the interest...

A ponzi scheme is a fraudulent investment operation that gives returns to its investors from their own money and not from profits of the op...

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