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Monday, June 24, 2024
TopicPonzi scam

Topic: ponzi scam

Punjab govt to ‘auction’ Pearl Group properties to refund victims of alleged Rs 57,000 cr ponzi scam

Punjab-based Pearl Group stands accused of duping 6 crore investors to the tune of Rs 57,000 crore on pretext of returns from development of agricultural land.

Finance Ministry working to clamp down ‘like never before’ on bogus financial apps, says Sitharaman

The FM urges people to be cautious when following the advice of ‘finfluencers’ or investing through financial apps without doing due diligence, likening these to Ponzi schemes.

8 Bengal IPS officers under CBI probe in Ponzi & cattle smuggling cases, TMC says don’t care

Two of the IPS officers have moved Calcutta HC against CBI summons served on them in a cattle smuggling case. BJP terms CBI action the beginning of the ‘fight for justice’.

ED attaches Bengaluru firm properties worth over Rs 8 crore in multi-crore ponzi case

The ED case stems from a chargesheet filed against Ajmera Groups and its promoters for 'illegally' collecting funds from 1,148 depositors and 'failing' to return Rs 29.17 crore.

Karnataka IAS officer found hanging ‘was under lens for Rs 1.5 crore bribe in IMA Ponzi scam’

Police are investigating the unnatural death of IAS officer B.M. Vijay Shankar, who was found hanging at his Bengaluru residence Tuesday evening.

IAS officer, accused in Rs 4,000-crore IMA ponzi scam, found dead in Bengaluru home

B M Vijay Shankar, a former deputy commissioner of Bengaluru urban district, was accused of allegedly accepting a bribe to hush up the IMA ponzi scheme.

Why Indians don’t need school WhatsApp groups

A selection of the best news reports, analysis and opinions published by ThePrint this week.

Saradha Ponzi scheme: The scam behind Mamata’s dharna against CBI

The Saradha scam, at the heart of the CBI-Mamata standoff, first shook the state in 2013 dragging politicians, mostly from the Trinamool Congress, into the case.

Dozen apartments, 5-star events, murky web of firms — story behind Bengali editor’s arrest

Suman Chattopadhyay, who was editor of Ei Samay, a Times Group newspaper, at the time of his arrest on 20 December, is accused in a Rs 3,000-cr Ponzi con.

CBI arrests noted journalist in Kolkata in connection with chit fund scam

Suman Chattopadhyay had been earlier grilled by the CBI as well as the ED along with his wife Kasturi in connection with the Saradha financial scam. 

On Camera

Delhi dating scene has a lawyer-engineer fatigue. Diversify your right swipes

Navigating dating apps is as risky as trading stocks. It makes sense to spread our assets—school teachers, DJs or public policy nerds; diversity is important.

India’s aviation sector set to boom under Modi 3.0 but ‘emerging duopoly’ could hurt consumers

Sector analysts warn that with Go First expected to remain grounded & SpiceJet struggling, industry is likely to consolidate to just 2-3 player market, hampering competition.

Army hospital commandant says no misuse of disability pension grant. ‘Scrutiny at all levels’

Lt Gen Nilakantan says revised Entitlement Rules & Guide to Medical Officers for pensions had been revised to rationalise disability classification, quantification & granting of disability.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.