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DUPED DEPOSITORS
I am a victim of chit fund scam too: Odisha CM Mohan MajhiOdisha Chief Minister Mohan Charan Majhi revealed he fell victim to chit fund scams in 1990 and 2002, urging people to be cautious. He prai...- When ED does what it should do bestIn a significant development, the Enforcement Directorate (ED) has initiated the disbursement of nearly ₹12 crore to victims of the Rose Va...
- SEBI-Sahara fund: Supreme Court allows Centre's plea seeking Rs 5,000 crore to repay depositorsThe direction came on an application filed by the Centre in a PIL by a person, named Pinak Pani Mohanty, who sought a direction to pay the ...
- Cheating home buyers: ED attaches land, houses worth Rs 136 crore in BengaluruThe agency filed a money-laundering case against the accused, including a company called Gruha Kalyan and Sachin Naik alias Yogesh, after t...
- ED arrests cooperative society chairman in KarnatakaAnand Balakrishna Appugol, the chairman of Krantiveer Sangolli Rayanna Urban Cooperative Credit Society in Karnataka, was arrested on Wedne...
- Court sentences ex-Army officer, another man to 5-years imprisonment for duping Defence personnelRana and Panda had collected about Rs 29 crore from many defence personnel with a promise to give them homestead land. The duo, however, co...
- RBI's customer protection rules will benefit depositorsThe complainants used two ATMs in this locality and were duped include customers of HDFC Bank and United Bank of India.
- Government introduces bill to check unregulated deposits, prescribes 10-yr jailThe bill also proposes setting up of competent authorities by state governments to ensure repayment of deposits in the event of default by ...
- Man arrested for duping investors of Rs 800 croreSo far the police have come across over 15 complaints then based on a tip-off from Madhya Pradesh police, Delhi Police arrested the accused...
- Chit fund scams: Rs 80,000 crore and countingThe deposits mobilised by the companies was allegedly used to purchase land, open media outlets, hotels and other businesses, denying depos...
- Sebi to auction asset of Tower InfotechThe High Court has directed Sebi to sell certain assets of Tower Infotech and distribute the proceeds among duped depositors and debenture ...
- Chit fund CMD held on charge of duping investorsThe Chairman and Managing Director of a chit fund company was arrested by Odisha's Crime Branch today on charges of duping investors of ove...
- Odisha orders property attachment of Saradha, Seashore GroupsThe state government has issued interim order for property attachment of both Saradha and Seashore Groups.
- Congress demands Naveen Patnaik's statement on return of money to ponzi scam victimsOpposition Congress today sought a clarification from Chief Minister Naveen Patnaik on Odisha government's plan to return money to poor inv...
- Permission sought to confiscate property of Saradha GroupThe Economic Offences Wing of the CB submitted documents relating to the Saradha Group to the state Finance Department in regard to this.
- Saradha scam: WB govt to distribute compensation from September 30Giving hope to depositors defrauded by ponzi schemes of Saradha Group, Mamata today said the state government would start distributing comp...
- Saradha bosses in judicial custodyA court in Darjeeling district today remanded Saradha scam accused Sudipta Sen and Debjani Mukherjee to 14 days' judicial custody in one of...
- Ponzi company chief sentenced to 7 years RI in OdishaA court in Kandhamal district today sentenced the chief of a ponzi scheme company to seven years' rigorous imprisonment for duping deposito...
- RBI tells state governments to take action against chit fundsReserve Bank of India wants strict enforcement of state laws to prevent chit funds from duping depositors.
- 'Govt can attach nbfcs' properties'In a major relief to lakhs of depositors duped by "fly-by-night" non-banking financial companies, the Supreme Court on Tuesday ruled that t...
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