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PONZI SCHEMES IN INDIA
ED restitutes Rs 15,000-crore worth assets in PACL 'fraud' caseThe Enforcement Directorate has returned assets valued at over Rs 15,000 crore to a special committee. This action aims to help investors r...30 Mar, 2026, 10.34 PM IST- GoI works with IT ministry and RBI to clamp down on Ponzi appsHistorically, scamsters have been one step ahead of regulators. What has alarmingly deepened the reach of today's faceless - and often stat...24 Apr, 2023, 11.08 PM IST
- Clamping down on Ponzi schemes like never before: FM SitharamanA Ponzi scheme is one where old investors are paid returns with money deposited by new investors. The new entrants may not get any returns ...24 Apr, 2023, 09.16 PM IST
- Cryptocurrencies worse than Ponzi schemes, says RBI Deputy GovernorSankar also said that since cryptocurrencies have specifically been developed to bypass the regulated financial system, it is reason enough...15 Feb, 2022, 02.09 PM IST
- Bitcoin surge, ICOs raise regulatory hackles on e-ponzi fearsRBI and Sebi will soon get into a huddle to prepare a framework to protect gullible investors.10 Dec, 2017, 02.38 PM IST
- Over 200 Ponzi schemes still in operation: Kirit SomaiyaBJP Lok Sabha MP Kirit Somaiya, who is also a campaigner for investor rights, today claimed more than 200 Ponzi schemes involving a whoppin...01 Jan, 2016, 11.13 PM IST
- House panel recommends 'special audit' of Multi-State Cooperatives (MSCs)The 30-member panel has suggested instituting a 'special audit' with regard to Multi-State Cooperatives — which have increased abnormally i...29 Sep, 2015, 02.16 AM IST
- 72 cases registered by CBI against ponzi schemes in last three years: GovernmentAccording to RBI, ponzi schemes are not under its regulatory preview and also it has not come across any such scheme floated by NBFC.21 Jul, 2015, 06.58 PM IST
- Government plans tighter norms to check ponzi schemes below Rs 100 croreThe new norms would include a detailed definition for 'money circulation schemes' to include all money-pooling activities with a corpus of ...15 Oct, 2014, 07.04 PM IST
- Govt mulls central oversight agency to check ponzi menaceThe CEIB has also suggested empowering the proposed agency to take up for investigation those cases that may have taken place in different ...29 Sep, 2013, 11.49 AM IST
- India Post sees steady rise in small savings after chit fund debacleIndia Post, the government department that is seeking a banking license, is flooded with small savings in West Bengal after investors lost ...17 Jul, 2013, 07.24 PM IST
- Government to work on preventing a Amway repeat"We will work closely with concerned ministries and industries to remove the ambiguity in the law as soon as possible," corporate affairs m...31 May, 2013, 05.00 AM IST
- Corporate Minister Sachin Pilot pitches for distinction between ponzi, genuine schemes"While steps should be taken to crack down on fraudulent companies running dubious investment schemes, companies that are reputed," the Min...30 May, 2013, 01.04 PM IST
- Clearer laws on tackling fraud schemes soon: Sachin PilotSachin Pilot today said the government will remove as early as possible the ambiguities in laws aimed at tackling fraudulent investment sch...29 May, 2013, 11.14 PM IST
- Inter- ministerial group set up to suggest ways to tackle ponzi scheme menaceThe government has set up an inter-ministerial group to suggest ways to tackle fraudulent money pooling activities and protect the interest...07 May, 2013, 06.18 PM IST
- 'Don't confuse 'Ponzi schemes' with chit funds'Tamil Nadu Chit Fund Companies Association President Y S Mathivanan said people wrongly associated ponzi schemes with chit funds.03 May, 2013, 09.31 PM IST
- Act against companies which raised money through ponzi schemes:BJPA ponzi scheme is a fraudulent investment operation that gives returns to its investors from their own money and not from profits of the op...30 Apr, 2013, 01.23 PM IST
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