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Total 39 results found. Search for [ illegal deposit schemes ]

Results 20 to 39 of 39
May 30, 2016
The most notorious has been Sahara, whose founder Subrata Roy was jailed in 2014 after failing to comply with a Supreme Court order to repay money raised under deposit plans later ruled illegal. The court has asked Sahara to return $5.4 billion to investors in those banned plans.

New Delhi, May 27, 2016
Till date, the regulator has launched 565 prosecution cases for violation of CIS regulations, as per latest update available with Securities and Exchange Board of India (Sebi).

Mumbai, May 23, 2016
Raising concerns that Jan Dhan accounts can be misused by 'money mules', RBI on Monday warned they are \"very vulnerable\" to frauds and asked banks to be on guard against such activities.

BT Online
New Delhi, February 1, 2016
Some investors in its credit cooperatives complain they have struggled to get Sahara to pay out their matured time deposits - even for sums as low as Rs 30,000 ($448.83).

New Delhi, January 9, 2016
CBI arrested Pearls Group CMD Nirmal Singh Bhangoo along with three others in connection with alleged swindling of Rs 45,000 crore.

Sumeet Chatterjee
Patna, December 23, 2015
Sahara India Pariwar (family) had become one of India's most successful companies over the past three decades with this kind of financial alchemy, turning tiny deposits into dreams for small farmers, rickshaw pullers and food vendors with little financial knowledge.

New Delhi, November 3, 2015
Murthy said that country-wide there are about 10,000 registered chit funds with an annual turnover of Rs 30,000 crore.

New Delhi, July 27, 2015
Sebi can now pass attachment orders and launch recovery proceedings against fraudsters and market manipulators, including those running illegal deposit schemes.

Mail Today Bureau
New Delhi, February 23, 2015
With regulatory loopholes and multiple agencies, it has been difficult to curb the menace of Ponzi, or illegal money pooling schemes.

New Delhi, February 3, 2014
Finance Minister P Chidambaram said his vote-on-account budget to be presented in the Lok Sabha on February 17, will be short, between 12 and 18 pages, on which he would prefer a debate.

BT Online Bureau
New Delhi, July 22, 2013
The government is considering a possible ban on promotion of ponzi schemes or money-collection schemes promising unrealistic returns.

M.G. Arun
May 8, 2013
Driven by the lack of legitimate savings schemes for the rural poor, inadequate regulations and political patronage, hundreds of illegal Ponzi schemes masquerading as collective investment schemes or chit funds have sprung up across India.

Kolkata, April 24, 2013
The Income Tax department will probe investments and finances of Kolkata-based Saradha group which is hitting headlines for allegedly defrauding thousands of depositors.

New Delhi, April 3, 2013
Sahara group claims that it has repaid a major chunk of investors and its total outstanding liability is less than Rs 5,120 crore already given to Sebi towards the refund.

Suveen K. Sinha
March 21, 2012
All the major indicators for Bihar are up, but the state is still at the bottom of key development indices.

Dipak Mondal/Money Today
March 29, 2012
Stock market scams involving the likes of Harshad Mehta and Ketan Parekh in the past explain investors' disillusionment with the stock market. We take a look at the most recent investment frauds and give a low-down on the modus operandi of the perpetrators.

Suman Layak
December 21, 2010
The loans scam grabbed eyeballs in late Nov as the CBI arrested officers of banks and housing finance companies. But the more disturbing instances that have come to light are of companies raising deposits claiming approval from one regulator or the other.

Rakesh Rai
December 25, 2007
With the rupee buying far more than it once did abroad, more Indians are exploring home buying options overseas.
August 24, 2007
Absolute returns, when it comes to investments, are misleading. So why go into a tizzy when the BSE Sensex tanks 615 points, as it did on 1 August?

Puja Mehra
January 20, 2009
Satyam’s auditors and independent directors failed to catch on to Raju’s scam. Auditors Pavan Kumar Vijay and R. Ramakrishnan, working with BT, show how dodgy numbers were ignored all along. Puja Mehra reports.  'There is some connivance in Satyam fraud' Satyam fraud shameful: Prem Chand Gupta  The great Satyam robberyHow funds are siphonedThe maze that is MaytasLiving on the (pl)edgeConfessions of auditorsAudit: Elusive independence'With XBRL, you can’t hide'When your boss does you inStruck by scams, stuck with stockFooling the shareholdersRipple effect

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