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SEBI steps up ponzi clampdown; cracks whip on 10 in a month

Last Updated: Sunday, July 27, 2014, 13:22

The Securities Laws (Amendment) Bill, 2014, which would empower Sebi to crack down on ponzi schemes and investment frauds, was approved by the Cabinet last week.

Cabinet clears bill to empower Sebi to deal with ponzi schemes

Last Updated: Thursday, July 24, 2014, 18:25

A Bill to effectively empower the market regulator Sebi to crack down on ponzi schemes and investment frauds was approved by the Cabinet on Thursday.

Madoff letter to US judge appears to be fake

Last Updated: Thursday, July 24, 2014, 08:51

US judge on Wednesday denied a bizarre motion supposedly filed by Madoff that claimed the US intelligence agencies used "bio-electric sensors” to influence the case against him.

Govt using information from various nations to check tax evasion

Last Updated: Tuesday, July 22, 2014, 17:12

The government on Tuesday said it is effectively using the information received from various countries to combat the menace of tax evasion and avoidance.

Money-laundering: Sumangal boss, arrested, sent to police custody

Last Updated: Tuesday, July 08, 2014, 00:33

The top boss of a city-based company, involved in collecting deposits from the public by floating potato bonds, has been arrested from Mumbai on charges of money laundering and was Monday sent by a court here to police custody till July 18.

CBI registers fresh case in ponzi scam

Last Updated: Thursday, June 26, 2014, 23:52

The CBI on Thursday registered a fresh case against an Odisha-based company in connection with its probe in the ponzi-scheme scam, also known as Saradha scam.

Sebi hopes anti-ponzi ordinance would become a law soon

Last Updated: Saturday, June 21, 2014, 12:13

Armed with powers given through an ordinance to take on investment frauds, Sebi chairman U K Sinha today said he hopes it would soon become a permanent law to ensure continued clampdown against illegal investment schemes.

Odisha EOW wants to confiscate properties of Rose Vally

Last Updated: Monday, June 09, 2014, 21:51

The Economic Offences Wing (EOW) under the Crime Branch of Odisha Police today sought permission from the Finance department to confiscate properties of Bangalore based ponzi firm Rose Valley, said ADG B K Sharma.

Saradha case: ED questions former Congress Union minister

Last Updated: Tuesday, May 20, 2014, 22:05

Enforcement Directorate questioned former Congress minister Matang Singh in connection with its probe into the multi-crore Saradha Ponzi scam case.

ED to complete Saradha probe within `reasonable time`

Last Updated: Tuesday, May 06, 2014, 17:20

The Enforcement Directorate was hopeful that the investigation into the Saradha ponzi scam would be completed within a reasonable period of time, as the wife of a former Congress MP was questioned.

Court extends custody of Sudipta Sen`s wife, son till April 24

Last Updated: Wednesday, April 23, 2014, 00:38

A city court on Tuesday granted the Enforcement Directorate the custody of the wife and son of multi-crore Saradha scam accused Sudipta Sen for two more days in connection with money laundering charges.

Lok Sabha polls: Saradha scam emerges as major issue in West Bengal polls

Last Updated: Tuesday, April 22, 2014, 10:10

The multi-crore Saradha ponzi scam has emerged as a major poll plank in the Lok Sabha elections in West Bengal with major political parties like the Congress, BJP and CPI(M) training their guns against the ruling Trinamool Congress.