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

The ED's summon to Arpita Ghosh comes days after the agency nabbed Sudipta Sen's wife Piyali Sen and his son Subhajit in a money laundering...

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

SFIO has blamed lack of coordination between government agencies for the proliferation of illegal collective investment schemes.

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

"Complaints have been received against 154 companies/organisations during the last three years," corporate affairs minister Sachin Pilot sa...

Pilot said various measures had been undertaken to protect the investor' interests through programmes on awareness and education.

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

ICAI has sought information from Serious Fraud Investigation Office on more than 50 companies that are being probed for duping investors

The Central government has already announced an SFIO probe into the functioning of Kolkata-based Saradha Group.

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.

The decision to conduct a probe followed a meeting held by the Corporate Affairs Minister Sachin Pilot with the senior officials.

Corporate Affairs Minister along with senior officials would on Thursday hold a meeting to look into the functioning of various chit funds.