Maharashtra mulls action against bogus chit fund cos under MPID Act

 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.

Sebi struggles to shield savers from more Saharas

As regulators try to contain one of India`s most spectacular investment scandals, dozens of smaller but similar schemes continue to mushroom.