The Enforcement Directorate (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 allegedly running illegal chit fund schemes few years back.
With the CBI and the Enforcement Directorate closing in on the Saradha money trail, West Bengal Chief Minister Mamata Banerjee today said her party does not need chit fund money to run its affairs and warned those engaged in "political maligning" to shield the "real culprits"
Odisha government`s economic offence wing (EOW) and state police have seized cash worth Rs one crore, 1.662 kg gold and 208.840 kg silver coins and other valuable items from different ponzi companies between 2012 and June, 2014, official sources said.
To make a clear distinction between genuine direct-selling companies and fraudulent ponzi schemes, the government will soon put in place a set of `model guidelines` to be followed by different states in such cases.
A man, who was in-charge of the scam-tainted Saradha Group chit fund company in north Bengal and Malda district, and his wife were arrested by police on a complaint that they siphoned off money taken from depositors.
Amid reports that the Centre has returned the anti-chit fund Bill, West Bengal Chief Minister Mamata Banerjee on Friday said that some clarifications have been sought on the bill sent for presidential assent.
Terming the judicial probe ordered by Odisha government into the chitfund scam in the state as an `eyewash`, CPI demanded a CBI inquiry into the scandal and confiscation of properties of ponzi firms to refund the duped investors.