chit fund companies

Chit fund scams: Rs 80,000 crore and counting

Chit fund companies have duped thousands of gullible depositors of at least Rs 80,000 crore, according to estimates of CBI which is probing such cases across the country

Apr 24, 2016, 22:21 PM IST

72 cases registered by CBI against ponzi schemes in last 3 years

The CBI has registered 72 cases, including one preliminary enquiry, related to ponzi schemes during the last three years, the government said on Tuesday.

Jul 21, 2015, 18:44 PM IST

Jan Dhan Yojna answer to chit fund scams: Akbar

The Centre's Jan Dhan Yojna, which has brought the poor into the banking network, will stop people from going to chit fund companies, BJP national spokesperson M J Akbar said here on Thursday.

Apr 16, 2015, 18:45 PM IST

Chit Funds reappearing across Bengal: Minister

After a gap of more than a year, the chit fund companies have started reappearing in West Bengal, especially in the rural areas, a state minister said Monday.

Mar 03, 2014, 16:10 PM IST

Odisha Police seize BMW, Jaguar from chit fund companies

A day after police seized an imported Jaguar car owned by Pradip Sethi, CMD of a chit fund company, Crime Branch of Odisha Police on Thursday impounded a BMW car of Prasant Das, CMD of another firm.

May 24, 2013, 21:39 PM IST

Court allows ED probe into Saradha Group deals

The bench also directed the Central Bureau of Investigation (CBI) - a party to the petition - to submit an affidavit regarding its investigation into matter in other states.

May 14, 2013, 18:33 PM IST

14 chit fund companies raided in Bihar, 11 arrested

Bihar police raided offices of over a dozen chit fund companies on the outskirts of state capital.

Apr 28, 2013, 23:16 PM IST

Money-pooling scam: SFIO to start probe with 57 companies

The SFIO probe ordered by the government into illegal money-pooling activities of various entities would initially focus on 57 companies, most of which are in West Bengal, Odisha, Bihar and Assam.

Apr 26, 2013, 17:44 PM IST

WB, N-E hot-bed of investment frauds; NRIs major target: Probe

The Enforcement Directorate and the Income Tax department have already begun their own respective investigations into the matter.

Apr 26, 2013, 13:33 PM IST

ED registers money laundering case against Saradha group

In further trouble for the chit fund scam-hit Saradha group of Kolkata, the Enforcement Directorate (ED) has registered a money laundering case to probe the allegations of financial irregularities by numerous depositors against it.

Apr 25, 2013, 19:54 PM IST

Govt orders SFIO probe into chit fund companies

In the wake of an alleged fraud involving thousands of crores by Kolkata-based Saradha group, the Centre Thursday ordered a SFIO probe into suspected misuse of the public money by various chit fund companies.

Apr 25, 2013, 17:55 PM IST