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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

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.

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.

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.

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.

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.

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.