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 count of such companies being referred to the white collar crime probe agency is also the highest in the last three financial years, ac...

"Fixed deposit receipts, immovable property papers, jewellery and high-end cars estimated to be valued at Rs 4.18 crore have been seized af...

The amount pertains to the City Limousine chitfund case. A probe is underway against the chitfund Chairman, Sayed M Masood, for floating po...

Cases pertaining to the 164 ponzi or chit fund companies have been assigned to the Serious Fraud Investigation Office for investigation, Ja...

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.

According to RBI, ponzi schemes are not under its regulatory preview and also it has not come across any such scheme floated by NBFC.

ED has successfully attached around Rs 166 cr kept in a Singapore bank in connection with money laundering probe in a city-based ponzi scam...

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

Seashore group CMD Prashant Dash expressed happiness that the investigation into the scandal was being conducted by CBI and said it would c...

CBI registered two fresh cases against as many companies in West Bengal in connection with chit fund scam in which thousands of investors, ...

Referring to the interrogation of Patnaik's close aide Saroj Sahoo by the CBI yesterday, Mishra said Saroj had been given all powers by the...

ED has attached properties worth Rs 1.04 crore in connection with its money laundering probe against a Mumbai-based firm and its owner for ...

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

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

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