Chit Fund

Leader of opposition in West Bengal Suvendu Adhikari today wrote to Prime Minister Narendra Modi "expressing concern" that the CBI was not acting against those holding high positions and involved in the decade-old Saradha chit fund scam.

The police have registered an FIR against a person who allegedly cheated investors of crores through his chit fund company in Haridwar, police said on Monday.

So far we have received 25 lakh applications from the investors (seeking their money back), according to which this scam is of around Rs 6,500 crore, he said.

The Central Bureau of Investigation (CBI) has arrested a former deputy registrar of companies in Kolkata and three others in connection with its probe into a chit fund scam, an official of the agency said.

The CBI on Tuesday said it has arrested a former deputy registrar of companies in Kolkata and three others in a chit fund case.

The CBI today conducted search operations at six locations in West Bengal, including residences of Trinamool Congress MLA Subodh Adhikari and his brother, in connection with its probe into a chit fund case.

Assets worth Rs 35 crore have been attached in connection with the 2013 Saradha chit fund money laundering case of West Bengal, the Enforcement Directorate (ED) said on Tuesday.

Central Bureau of Investigation (CBI) on Friday arrested Trinamool Congress (TMC)leader and chairperson Board of Administrator (BOA) of Burdwan Municipality in an ongoing investigation in a chit fund fraud case.

A Kolkata-based doctor was arrested for duping at least 12 of his medico friends of over Rs 10 crore in the pretext of doubling their money through an investment in a chit fund, police said on Tuesday.

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.

Leader of opposition in West Bengal Suvendu Adhikari today wrote to Prime Minister Narendra Modi "expressing concern" that the CBI was not acting against those holding high positions and involved in the decade-old Saradha chit fund scam.

The police have registered an FIR against a person who allegedly cheated investors of crores through his chit fund company in Haridwar, police said on Monday.

So far we have received 25 lakh applications from the investors (seeking their money back), according to which this scam is of around Rs 6,500 crore, he said.

The Central Bureau of Investigation (CBI) has arrested a former deputy registrar of companies in Kolkata and three others in connection with its probe into a chit fund scam, an official of the agency said.

The CBI on Tuesday said it has arrested a former deputy registrar of companies in Kolkata and three others in a chit fund case.

The CBI today conducted search operations at six locations in West Bengal, including residences of Trinamool Congress MLA Subodh Adhikari and his brother, in connection with its probe into a chit fund case.

Assets worth Rs 35 crore have been attached in connection with the 2013 Saradha chit fund money laundering case of West Bengal, the Enforcement Directorate (ED) said on Tuesday.

Central Bureau of Investigation (CBI) on Friday arrested Trinamool Congress (TMC)leader and chairperson Board of Administrator (BOA) of Burdwan Municipality in an ongoing investigation in a chit fund fraud case.

A Kolkata-based doctor was arrested for duping at least 12 of his medico friends of over Rs 10 crore in the pretext of doubling their money through an investment in a chit fund, police said on Tuesday.

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.