Ponzi Scam

Probe Agency Files Chargesheet Against Realty Firm In 48,000 Crore Scam

India News | Press Trust of India | Wednesday September 12, 2018

The Enforcement Directorate on Wednesday filed a charge sheet against PACL Ltd and its director Nirmal Singh Bhangoo and others in a money laundering probe in the PACL ponzi scam case.

How To Lose $3 Billion Of Bitcoin In India

India News | Archana Chaudhary and Jeanette Rodrigues, Bloomberg | Friday August 10, 2018

Accusations of tax evasion and police corruption, a kidnapper who was kidnapped, a fugitive politician, and billions in bitcoin lost. This is crypto-trading Gujarat-style.

Manohar Parrikar To Seek Release Of Goan Ponzi Scheme Accused

India News | Indo-Asian News Service | Thursday July 26, 2018

Goa Chief Minister Manohar Parrikar said on Thursday that his government would seek the help of Minister for External Affairs Sushma Swaraj to secure the release of Ryan de Souza, who was in April this year sentenced to 517-year imprisonment by a Dubai court for alleged involvement in a $200 million ponzi scam.

CBI Files Charge Sheet Against Pune Company In Rs 3,484 Crore Ponzi Scam

India News | Press Trust of India | Saturday July 21, 2018

The CBI has filed a charge sheet against Directors of Pune-based Samruddha Jeevan Multi State Multi Purpose Co-operative Society Ltd, Mahesh Kisan Motewar and Prasad Kishor Paraswar, in over Rs 3,484 crore ponzi scam in Odisha collected from over 35 lakh people, officials said here today.

"Sorry State Of Affairs": Supreme Court On Saradha Scam Probe

India News | Press Trust of India | Monday July 16, 2018

The Supreme Court today termed the allegation of the West Bengal police obstructing the CBI in its probe into the multi-crore Saradha ponzi scam as "sorry state of affairs" and directed that the probe agency officials should not be summoned for questioning by the state SIT.

Probe Agency Summons Nalini Chidambaram In Saradha Chit Fund Scam

India News | Press Trust of India | Tuesday May 1, 2018

The Enforcement Directorate (ED) summoned Congress leader P Chidambaram's wife Nalini Chidambaram in connection with its money laundering probe into the Saradha ponzi scam.

Rose Valley Money Laundering Case: Enforcement Directorate Attaches Rs 2,300 Crore Assets

Kolkata News | Press Trust of India | Thursday March 29, 2018

The Enforcement Directorate (ED) today attached assets worth Rs 2,300 crore, including two dozen hotels and resorts, in connection with its money laundering probe in the Rose Valley ponzi scam case.

Enforcement Directorate Summons Trinamool Congress Lawmaker In Rs 1,900 Crore Ponzi Scam Probe

India News | Press Trust of India | Thursday February 8, 2018

The Enforcement Directorate has summoned Trinamool Congress MP KD Singh in connection with its money laundering probe into an alleged ponzi scam case pegged at over Rs 1,900 crore.

Rs 600 Crore Ponzi Case: Enforcement Directorate Arrests Agent Of Chandigarh Firm

India News | Press Trust of India | Sunday July 30, 2017

The Enforcement Directorate or ED has arrested an agent of a Chandigarh-based company and seized assets worth Rs 4.18 crore in connection with its money laundering probe in a Rs 600 crore ponzi scam case.

Another Ponzi Scam In Bengal, Two Arrested

Kolkata News | Written by Monideepa Banerjie | Friday March 17, 2017

Two owners of a chit fund company were arrested by CBI in Kolkata on Wednesday, after five hours of interrogation. Basudev Bagchi and his son Avik Bagchi of Prayag Group of Companies were arrested for collecting nearly Rs 2,862 crore from mostly poor people in the state by making fraudulent promises of very high returns, a statement by the agency r...

How A Yes Bank Officer Enabled Noida's 3,700 Crore Online Scam

India News | Written by Tanima Biswas | Thursday February 9, 2017

An official of a private bank who allegedly helped Anubhav Mittal - the mastermind of the 3,700 crore online Ponzi scam busted in Noida last week - siphon off money has been arrested by the Uttar Pradesh police. Investigators suspect a chunk of the funds the company got from investors - around 3,000 crore - may have been transferred abroad and the ...

Online Scam: Noida Techie Duped Lakhs of 3,700 Crore

India News | Edited By Aloke Tikku | Friday February 3, 2017

Anubhav Mittal, the techie who duped 7 lakh people into investing 3,700 crore in his Noida start-up, had always wanted to strike gold. And he did, till the Uttar Pradesh Special Task Force (STF) came along. The firm's bank accounts sealed by the police had a total balance of 500 crore.

Trinamool Congress To Raise Rose Valley Scam In Parliament, Say Sources

India News | Written by Saurabh Gupta | Wednesday February 1, 2017

The investigation in the Rose Valley Ponzi scam which has now lurched into sex scandal turf has tumbled into the hotbed of politics, with sources saying that the ruling Trinamool Congress may raise the matter in Parliament. The ruling party of Bengal has had two of its lawmakers arrested by the Enforcement Directorate. Now the agency's embarrassmen...

Mithun Chakraborty Resigns From Rajya Sabha Citing Health Reasons

India News | Reported by Monideepa Banerjie, Edited by Anindita Sanyal | Monday December 26, 2016

Actor-turned politician Mithun Chakraborty has resigned from Rajya Sabha citing health reasons. Mr Chakraborty, whose alleged involvement in the Saradha Ponzi scam made news last year, had attended the Upper House for just three days.

Enforcement Directorate Attaches Rs 91 Crore In Mumbai Ponzi Case

Mumbai News | Press Trust of India | Saturday September 17, 2016

The Enforcement Directorate (ED) has attached over Rs 91 crore kept in a Singapore bank in connection with a money laundering probe in a Mumbai-based ponzi scam case.