WebFeb 5, 2024 · In the early 2000s, businessman Sudipto Sen set up the Saradha Group, and launched what the securities market regulator Securities and Exchange Board of India (SEBI) later categorised as a collective investment scheme. The Saradha Group used a consortium of companies to tap small investors, promising them very high returns. Web5 hours ago · Margadarsi Chit Funds Pvt Ltd (MCFPL) must transparently share the required records for fair and proper investigation, Andhra Pradesh CID chief N Sanjay has said, citing a couple of Supreme Court guidelines. He made these remarks in light of the registration of multiple FIRs against Margadarsi for alleged irregularities, including …
All India chit fund body backs Margadarsi, says no …
WebFeb 4, 2024 · The Rose Valley group had allegedly floated a total of 27 companies for running the alleged chit fund operations of which only half a dozen were active. It is … WebThe Rose Valley financial scandal or simply Rose Valley Chit Fund Scam was a major financial scam and alleged political scandal in India caused by the collapse of a Ponzi scheme run by Rose Valley Group.. Rose Valley scam is one of the biggest financial frauds, which rocked the state of West Bengal and Tripura in 2013. As per Enforcement … shunt of metal
CBI arrests Pearls Group director in multi-crore chit fund scam
Web19 hours ago · The Telangana HC on Thursday directed the Andhra CID not to take punitive action against 15 employees of the Margadarsi Chit Funds Private Limited. Latest … Web2 days ago · PTI. 12 April, 2024 05:02 pm IST. New Delhi, Apr 12 (PTI) The Andhra Pradesh CID has asked central agencies like the ED and the Income-tax department to probe the Margadarsi chit fund company, floated by media baron Ramoji Rao, for alleged violations of the chit fund law after it found that cash deposit records of the firm were “bloated and ... Web2 days ago · New Delhi: The Andhra Pradesh CID has asked central probe agencies like the Enforcement Directorate and the Income tax department to probe the Margadarsi Chit … the outrigger hotel hawaii