Chit Fund

The Income Tax Department has detected undisclosed income of more than Rs 250 crore during searches against two business groups involved in silk sarees trade and chit fund in Tamil Nadu, the CBDT said on Sunday.

The Enforcement Directorate on Tuesday provisionally attached assets worth Rs 300 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in its ongoing investigation against Icore Group of companies in a chit fund scam case.

The Central Bureau of Investigation (CBI) on Monday reached Trinamool Congress (TMC) leader and West Bengal Minister Partha Chatterjee's office in Kolkata to question him in connection with the I-Core chit fund scam.

Chhattisgarh Chief Minister Bhupesh Baghel has directed the officials to take prompt action to get back the deposits of investors from chit fund companies.

The Saradha group allegedly cheated thousands of depositors, promising abnormally high returns on investments in its illegal schemes.

The CBI on Monday carried out searches at the offices of three Securities and Exchange Board of India officials in connection with their alleged role in saving Saradha ponzi scheme operators, officials said.

Senior TMC leader and former West Bengal minister Madan Mitra on Friday deposed before Enforcement Directorate (ED) officials here in connection with the probe into Saradha chit fund scam.

Branding West Bengal Chief Minister Mamata Banerjee as an outsider in Nandigram, BJP leader and her former protege Suvendu Adhikari on Wednesday asserted that people duped by chit fund companies in the state would get back their money if the BJP is voted to power.

The Enforcement Directorate (ED), which is probing the money laundering aspect of the Saradha chit fund scam, has summoned Trinamool spokesperson Kunal Ghosh for questioning.

The Supreme Court today deferred by two weeks the hearing on CBI's contempt plea against former Kolkata police commissioner Rajeev Kumar and others alleging non-cooperation by them in its probe into the multi-crore-rupee Saradha chit fund scam case.

A Special PMLA court in Kolkata today convicted a Rose Valley official Arun Mukherjee in the Rose Valley money laundering case and sentenced him to seven years in jail.

A court in Kolkata sentenced an official of chit fund company Rose Valley to seven years in jail for duping investors of their money through ponzi schemes floated by the firm.

The Enforcement Directorate (ED) has attached assets worth Rs 2.80 crore in connection with its money laundering probe linked to an alleged ponzi or chit fund scheme in Rajasthan.

The CBI has approached the Supreme Court seeking to question senior IPS officer and former Kolkata police commissioner, Rajeev Kumar, in connection with the multi-crore Saradha chit fund scam case.

Rs 4,109 crore in properties spread across various states have been attached by the Enforcement Directorate in a money laundering case linked to an alleged ponzi scam that duped about 32 lakh people for over Rs 6,000 crore, the agency said on Thursday.

The Income Tax Department has detected undisclosed income of more than Rs 250 crore during searches against two business groups involved in silk sarees trade and chit fund in Tamil Nadu, the CBDT said on Sunday.

The Enforcement Directorate on Tuesday provisionally attached assets worth Rs 300 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in its ongoing investigation against Icore Group of companies in a chit fund scam case.

The Central Bureau of Investigation (CBI) on Monday reached Trinamool Congress (TMC) leader and West Bengal Minister Partha Chatterjee's office in Kolkata to question him in connection with the I-Core chit fund scam.

Chhattisgarh Chief Minister Bhupesh Baghel has directed the officials to take prompt action to get back the deposits of investors from chit fund companies.

The Saradha group allegedly cheated thousands of depositors, promising abnormally high returns on investments in its illegal schemes.

The CBI on Monday carried out searches at the offices of three Securities and Exchange Board of India officials in connection with their alleged role in saving Saradha ponzi scheme operators, officials said.

Senior TMC leader and former West Bengal minister Madan Mitra on Friday deposed before Enforcement Directorate (ED) officials here in connection with the probe into Saradha chit fund scam.

Branding West Bengal Chief Minister Mamata Banerjee as an outsider in Nandigram, BJP leader and her former protege Suvendu Adhikari on Wednesday asserted that people duped by chit fund companies in the state would get back their money if the BJP is voted to power.

The Enforcement Directorate (ED), which is probing the money laundering aspect of the Saradha chit fund scam, has summoned Trinamool spokesperson Kunal Ghosh for questioning.

The Supreme Court today deferred by two weeks the hearing on CBI's contempt plea against former Kolkata police commissioner Rajeev Kumar and others alleging non-cooperation by them in its probe into the multi-crore-rupee Saradha chit fund scam case.

A Special PMLA court in Kolkata today convicted a Rose Valley official Arun Mukherjee in the Rose Valley money laundering case and sentenced him to seven years in jail.

A court in Kolkata sentenced an official of chit fund company Rose Valley to seven years in jail for duping investors of their money through ponzi schemes floated by the firm.

The Enforcement Directorate (ED) has attached assets worth Rs 2.80 crore in connection with its money laundering probe linked to an alleged ponzi or chit fund scheme in Rajasthan.

The CBI has approached the Supreme Court seeking to question senior IPS officer and former Kolkata police commissioner, Rajeev Kumar, in connection with the multi-crore Saradha chit fund scam case.

Rs 4,109 crore in properties spread across various states have been attached by the Enforcement Directorate in a money laundering case linked to an alleged ponzi scam that duped about 32 lakh people for over Rs 6,000 crore, the agency said on Thursday.