Follow Us on Google News Bhubaneswar, July 2 (IANS) The Odisha government has expedited the process for refund of money to the small investors affected by chit fund scams in the state. As per a statement issued by the Chief Minister’s Office (CMO) on Wednesday, following the directions of the Chief Minister, the process for … Read more
Follow Us on Google News New Delhi, June 23 (IANS) The Mumbai zonal office of the ED seized assets worth crores of rupees in multi-city searches at Kolhapur, Ahmednagar, Pune and Surat in connection with a Rs 100 crore scam involving Ponzi schemes and illegal forex trading, an official said on Monday. The searches by … Read more
Follow Us on Google News Hyderabad, June 13 (IANS) The Directorate of Enforcement (ED), Hyderabad Zonal Office has successfully accomplished the process of restoration of attached properties worth about Rs 611 crore to the victims of Ponzi schemes launched by Agri Gold group of companies. The present market value of the impugned properties is expected … Read more
Follow Us on Google News Bhubaneswar, May 21 (IANS) The Odisha Police’s Economic Offences Wing (EOW) has arrested two more accused — Dwipika Bhanjo and Tandra Bhanjo — from Kolkata in connection with a multi-crore ponzi scam, the agency said in a statement. The duo was produced before the court of the Chief Judicial Magistrate, … Read more
Follow Us on Google News Lucknow, May 1 (IANS) Acting against the mastermind of a multi-crore rupee ponzi scheme, Special PMLA Court here declared Rashid Naseem – the main promoter of Shine City Group – as a Fugitive Economic Offender, an official said on Thursday. The ED has filed four prosecution complaints in this case … Read more
Follow Us on Google News New Delhi, April 15 (IANS) A former employee of a cooperative society from Rajasthan was arrested by the cyber crime team of Delhi Police for duping 150 investors with a ponzi scheme offering 100 per cent profit on their investment, an official said on Tuesday. Thirty-one-year-old Vinod Kumar, a resident … Read more
Follow Us on Google News New Delhi, April 12 (IANS) The government on Saturday handed over Rs 515.31 crore to Justice D.K. Seth (Retd), Chairman of the Asset Disposal Committee which was formed for the purpose of restitution of properties to legitimate investors in the Rose Valley Ponzi scam. The amount of Rs. 515.31 crore … Read more
Follow Us on Google News Mumbai, March 25 (IANS) The Enforcement Directorate (ED) has provisionally attached immovable and movable assets worth approximately Rs 36.21 crore in connection with the money laundering case involving Amber Dalal and others. According to information shared by the agency through a statement, the assets which have been provisionally attached include … Read more
Kolkata, Feb 28 (IANS) Enforcement Directorate (ED), on Friday, informed that a fresh disbursal of Rs 2.29 crore as refund to 3,652 deposits in the Ponzi scheme of West Bengal-based chit fund entity Rose Valley Group has been completed in the last and fifth phase by the asset disposal committee headed by the Justice Dilip … Read more