SEBI Brought Down Hammer on 250 Ponzi Schemes

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Courtesy: The New Indian Express, 22 August 2015 – CHENNAI: The Securities and Exchange Bureau of India (SEBI) has taken a tough stand against any companies indulging in perpetrating Ponzi schemes, with Chairman U K Sinha saying that the regulator had brought down the hammer on 250 such companies over the last few years. “We… Continue Reading »

CBI registers 72 cases relating to ponzi schemes: Govt

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Courtesy: Zee News, 11 August 2015 – New Delhi: The government on Tuesday said CBI has registered 72 cases relating toponzi schemes in about 3 years, while the Enforcement Directorate has initiated action in 57 cases under the money laundering law. “Central Bureau of Investigation (CBI) has also registered a total of 72 cases (71 regular… Continue Reading »

ED lists dishonest CAs in Ponzi scams

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Courtesy: TOI, Jul 13 2015 – KOLKATA: In the wake of various scams in the country, the Enforcement Directorate (ED) is preparing a consolidated list of unscrupulous chartered accountants who supposedly helped the companies launder money. The directorate has also asked the Institute of Chartered Accountants of India to provide them with financial expertise and… Continue Reading »

COPS PROBE INVOLVEMENT OF ACTOR BOMAN IRANI’S SON IN QNET SCAM

Cops probe involvement of actor Boman Irani’s son in QNet scam Mumbai Police is probing the alleged role of actor Boman Irani’s son in the Rs 425-crore scam allegedly spearheaded by a multi-level marketing firm QNet, in which he earned a “substantial amount of money”, a senior police official said on Tuesday. Complainant Gurupreet Singh… Continue Reading »