Since fiscal 2011-12, the ministry has probed a total of 102 companies while 96 chit fund companies have been investigated separately by SF...

Government today said as much as Rs 2,394 crore of investors' money that was collected through ponzi schemes by the West Bengal-based Sarad...

SFIO has made references to CBI in 11 transactions entered into by Saradha group companies and executives with various other entities, sour...

The CBI is now trying to ascertain if Sebi had failed in its duties by failing in monitoring the growth of Saradha chit fund scheme in West...

In the scam, lakhs of investors in West Bengal and neighbouring states were defrauded of thousands of crores through illegal money pooling ...

Investors lost a whopping Rs 1,983 crore in Saradha ponzi scheme, an audit report said, putting rest to speculation on what could be the ex...

The state government has issued interim order for property attachment of both Saradha and Seashore Groups.

Apart from Saradha group firms, SFIO is probing entities from various other groups including Rose Valley, Icore E-Services and Sunshine Ind...

The probe, ordered in April, came in the wake of alleged defrauding of investors' money worth thousands of crores by Saradha group.

SFIO is likely to submit its probe report on alleged fraudulent money-collection schemes being run by 54 entities

The complexity of transactions will make it harder to compensate investors as some of the companies appear to have little by way of assets.

Saradha Group, which mobilized over Rs 2,000 crore from West Bengal and other east and northeastern states, was not the only company that w...

SFIO might need to rope in experts from outside, as the probe could eventually extend to a large number of companies.

The govt has directed the SFIO to probe three more West Bengal-based groups, suspected of defrauding investors through money-pooling scheme...

A large number of NRIs having origins in these states are understood to have been defrauded by many such companies, including Saradha group.

The investigation marks a reversal of the ministry's earlier stand that chit funds were regulated by states and the Centre had no role in t...

Saradha group has more than 100 firms registered with the RoC for businesses across sectors including real estate, automobile and education.