Nov 17, 2019-Sunday

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Sunday, Nov 17, 2019

Ponzi scheme

Oct 08, 2019 02:52
The statement said the probe so far has found that Adarsh Group’s MD, Mukesh Modi, allegedly in collusion with his relatives Virendra Modi, Rahul Modi and other associates, siphoned off depositors’ funds from ACCSL by way of inter-linked fraudulent ... read more
Sep 15, 2019 01:17
When it became evident that he wouldn’t turn up, a CBI team including Pankaj Srivastava, the joint director based in Kolkata, met lawyer Y J Dastoor on Saturday afternoon. read more
Sep 07, 2019 11:03
US District Judge Paul Engelmeyer in Manhattan sentenced the former maths teacher to 27 months in prison, well below the eight to 10 years called for by federal guidelines. read more
Aug 10, 2019 23:52
Twelve people were on the run and one of them was arrested on August 6 leaving behind these 11 suspects.Few of them were directors and all of them were very active in the ponzi scheme. The police have declared a reward for information leading to their... read more
Jul 10, 2019 23:29
Amendments to the Protection of Children from Sexual Offences (POCSO) Act, 2012, that were approved by the Cabinet propose to bring in the death penalty for aggravated sexual offences and introduce penal provisions for child pornography. read more
Jun 26, 2019 23:46
Documents available with the Registrar of Companies, which were accessed by HT, show the companies Bengaluru-based IMA ran did not earn enough profits to pay back investors. In fact, contrary to Khan’s claim, no companies of his had been registered with... read more
Jun 23, 2019 23:29
Mohammed Mansoor Khan, who is accused of cheating 40,000 investors to the tune of Rs2,000 crore, fled India early this month. read more
Jun 05, 2019 10:17
The escort team included constables Rajan Singh, Ramesh Kumar, Arun Kumar, Arun, Susheela and Preeti, he said. read more
Apr 04, 2019 06:51
The five accused directors and partners of JPV Capital Investment Advisor (partnership firm) and JPV Capital Investment Limited Liability Partnership (LLP) were booked under sections of the IPC and MPID Act for cheating, criminal breach of trust and... read more
Mar 21, 2019 10:51
The businessman executed this fraud through falsely representing that his company had earned returns of roughly 28 to 34 per cent annually, when in fact, Chahal had suffered substantial losses in managing investors’ funds, the court documents said. read more
Feb 09, 2019 11:57
The Saradha group scam exploded on the face of Bengal in April 2013 when the chairman of the ponzi scheme, Sudipta Sen and the company’s executive director Debjani Mukherjee, were arrested from J&K after a chase across north India. read more
Jan 16, 2019 10:17
A proposed legislation to check Ponzi schemes will make crowdfunding illegal and financing for startups difficult in its present form unless the concept of an “unregulated deposit” is explicitly defined in the bill, a parliamentary panel has said. read more
Dec 19, 2018 12:04
Amount mopped up by MPS is bigger than that mobilised by the Saradha group. read more
Dec 14, 2018 17:06
The Economic Offences Wing of the Cyberabad police in Hyderabad on Friday arrested a government school teacher, the alleged kingpin of a Rs 150 crore ponzi scheme. read more
Dec 06, 2018 18:28
The racket was unearthed after investors approached the economics offences wing (EOW) of Thane police, claiming they were cheated by ‘Aatharv4U Infra And Agro Limited’, a police official said Thursday. read more