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Ponzi scam

Enforcement Directorate gets ponzi scam accused Mansoon Khan's transit remand

The Enforcement Directorate has got transit remand of IMA Jewellers and Ponzi scam prime accused Mansoor Khan. Khan was produced before Duty Magistrate Harjit Singh Jaspal at his residence during late hours on Friday.

Jul 20, 2019, 13:50 PM IST

Morning Breaking: CBI arrests Bengali film producer Shrikant Mohta in Rose Valley case

Shrikant Mohta, head of one of the biggest film production companies in eastern India, has been arrested in Kolkata today for allegedly defrauding ponzi chit fund company Rose Valley. Known to be close to members of the ruling Trinamool Congress in West Bengal, he is often seen in their company.

Jan 25, 2019, 08:18 AM IST

Supreme Court paves way for trial of S Natrajan in Rs 68.50 cr ponzi scam

The Supreme Court has paved the way for prosecution of S Natarajan, now a director in the Sriram Group, in the 2004 high-profile ponzi scam involving Chennai-based PNL Nidhi Limited which allegedly collected Rs 68.50 crore from over 13,000 investors and defaulted in repayment.

Oct 01, 2017, 11:32 AM IST

Noida ponzi scam: Mastermind Anubhav Mittal's wife's house sealed by STF

The Uttar Pradesh Police's Special Task force on Monday sealed the house of the Noida ponzi scam mastermind's wife Ayushi Mittal's house in Kanpur.

Feb 06, 2017, 10:37 AM IST

Guess where! 21 arrested over $7.6 billion online ponzi scam

China has arrested 21 people allegedly involved in a massive online Ponzi finance scheme in which some 900,000 investors lost over USD 7.6 billion, the state media reported Monday.

Feb 01, 2016, 18:51 PM IST

Saradha scam: SC seeks Bengal's response on CBI plea for police

The Supreme Court on Monday sought West Bengal government`s response to CBI`s plea for the support of state police in conducting investigations into Saradha and non-Saradha chit fund scam cases coupled with three designated special courts to try these cases.

Jul 21, 2015, 00:40 AM IST

Black money: ED attaches Rs 116 crore kept in Singapore bank

In a major success in black money probe, the Enforcement Directorate (ED) has successfully attached around Rs 166 crore kept in a Singapore bank in connection with money laundering probe in a city-based ponzi scam case.

Jul 08, 2015, 00:53 AM IST

ED attaches assets over Rs 480 crore assets in ponzi, mining scam cases in Odisha

Enforcement Directorate (ED) on Thursday issued a string of orders attaching assets to the tune of about Rs 485 crore of three mining companies and a chit fund firm in connection with its money laundering probes in Odisha.

May 21, 2015, 22:05 PM IST

Over Rs 80,000 crore stuck in ponzi cases: CBI Director

Around Rs 80,000 crore of six crore Indians are blocked in the ponzi scam being investigated by the CBI, the agency Director Anil Sinha said Monday.

Apr 27, 2015, 22:14 PM IST

Odisha govt takes possession of lands of Ponzi firms

Odisha government has taken possession of over 40 acres of land, belonging to three ponzi companies, in Chhatrapur tehsil of Ganjam district, officials said on Sunday.

Feb 22, 2015, 12:52 PM IST

Won't induct anybody involved in Saradha scam: Siddharth Nath Singh

Scotching rumours that BJP harboured plans to induct Trinamool Congress leaders who are allegedly involved in the Saradha scam, BJP National Secretary Siddharth Nath Singh on Friday said the party will not induct TMC leaders tainted in the ponzi scam under any circumstances.

Jan 30, 2015, 23:36 PM IST

Tapash Paul served board positions of Rose Valley firms

Trinamool Congress MP Tapash Paul served as a member on the board of two Rose Valley group firms for brief periods during two financial years.

Jan 27, 2015, 16:58 PM IST

Saradha probe agencies shouldn't be intimidated by position: CPI(M)

CPI(M) on Monday said law should take its own course in the Saradha ponzi scam and investigating agencies should not be intimidated by the position held by any person.

Jan 12, 2015, 23:27 PM IST

LF members to meet PM; demand Mamata be questioned on Saradha ponzi scam

 Demanding that CBI interrogate West Bengal Chief Minister Mamata Banerjee in the Saradha Chit Fund probe, the West Bengal Left Front has sought an appointment with Prime Minister Narendra Modi to apprise him of the situation and discuss possible alternatives to help the duped investors.

Dec 02, 2014, 20:38 PM IST

Congress demands Naveen Patnaik's resignation after CBI grills aide

A day after his close aide was quizzed by CBI, Congress on Sunday asked Odisha Chief Minister Naveen Patnaik to resign and demanded a probe against him by the central agency in the chitfund scam.

Nov 23, 2014, 22:28 PM IST

CBI questions BJD MP in connection with ponzi scam

Three days after searching his house, CBI on Friday questioned Rajya Sabha MP Pyarimohan Mohapatra in connection with the multi-crore rupee chit fund scam in Odisha.

Nov 21, 2014, 23:13 PM IST

Odisha Assembly adjourned amid Opposition protest

Odisha Assembly was adjourned minutes after its winter session commenced on Thursday as the Opposition raised slogans and Congress members stormed into the well alleging involvement of ruling BJD leaders in the ponzi scheme scandal in the state.

Nov 20, 2014, 13:12 PM IST

Saradha scam: Ex-TMC MP Kunal Ghosh threatens suicide, claims CBI shielding influential names

Suspended Trinamool Congress MP Kunal Ghosh, named in the CBI chargesheet in the multi-crore Saradha scam, claimed in court on Monday that investigation into the case was being influenced and threatened suicide.

Nov 10, 2014, 16:40 PM IST

Chit fund scam: CBI arrests 3 functionaries of Nabadiganta

The CBI on Monday took three senior functionaries of the chit fund company, Nabadiganta Capital Services, who were arrested yesterday, on remand for six days as per permission of a special court here.

Oct 27, 2014, 19:45 PM IST

Ponzi scam: Court grants interim relief to BJD MLA

The Orissa High Court on Tuesday granted interim relief from arrest to BJD MLA Pravat Tripathy till October 13 in the ponzi scheme scam being investigated by the CBI.

Sep 30, 2014, 16:59 PM IST