Saradha Group
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Saradha chit fund scam case: Enforcement Directorate issues fresh summons to Nalini Chidambaram
•ED has issued fresh summons to Nalini Chidambaram, wife of P Chidambaram, in connection with its money laundering probe into the Saradha ponzi scam
Saradha scam: To pay back investors, ED seeks court's nod to auction assets
Fp Archives •The Enforcement Directorate (ED) is soon expected to approach a special court in Kolkata seeking permission to auction Saradha Group's seized assets, valued at about Rs 1,000 crore, in an attempt to pay back duped investors.
RBI, govt should protect investors from illegal schemes: Subbarao
Fp Archives •The outgoing RBI governor also said that financial inclusion and financial literacy are among the top priorities for the central bank.<br /><br />
RBI warns against fraudulent financial firms
Fp Archives •The depositor should check the list of NBFCs permitted to accept public deposits, the RBI said.
Sebi to raise headcount, focus on staff training
Fp Archives •Sebi itself has proposed that powers should be given to it for overall regulation and oversight of all kinds of money-pooling activities.
Assam minister to file defamation suit against Sudipta Sen
Fp Staff •Meanwhile, Akhil Gogoi-led Krishak Mukti Sangram Samiti demanded the dismissal of the minister from the Assam cabinet and his arrest.
Probe finds WB, N-E hot-bed of investment frauds; NRIs major target
Fp Archives •The regulators have found that almost none of the entities alleged to have defrauded the gullible investors are actually registered as or running chit fund companies, although their investment schemes are commonly known as 'chit funds' in the region.
ED registers money laundering case against Saradha group
Fp Archives •In further trouble for the chit fund scam-hit Saradha group of Kolkata, the Enforcement Directorate (ED) has registered a money laundering case to probe the allegations of financial irregularities by numerous depositors against it.
Inform us on action against Saradha: court to West Bengal
Fp Archives •The PIL was filed on 22 April by advocate Basabi Roy Chowdhury praying that a CBI investigation be ordered into all chit fund companies.
Saradha scam: Here's how to spot a ponzi scheme
Fp Staff •While West Bengal Chief Minister Mamata Banerjee is urging people to smoke cigarettes more frequently and help those poor investors reclaim some of their earnings lost in Saradha, here are a few ways to spot a Ponzi scheme.