The government on Tuesday said CBI has registered 72 cases relating to ponzi schemes in about 3 years, while the Enforcement Directorate has initiated action in 57 cases under the money laundering law.
Chit fund companies operating in Maharashtra have come under the scanner of the state government, which is considering to take strict action against these dubious establishments to recover investors' lost money.
Tripura has urged Prime Minister Narendra Modi to direct the CBI to probe the activities of chit fund companies and unauthorised collection of funds in the northeastern state, a minister said here on Wednesday.
A city court on Monday sought a detailed report from Presidency Jail authorities within two days as to how the untoward incident of Saradha scam accused Kunal Ghosh allegedly making a suicide attempt in jail could happen despite after being cautioned by the court to keep a strict vigil.
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.