Chit Fund Scam

Chit Fund Scam News

SC judge recuses from CBI plea alleging obstruction by WB authorities in Sarada chit fund probe

On February 18, West Bengal Chief secretary Malay Kumar De, DGP Virendera Kumar and Kolkata Police Commissioner Rajeev Kumar had filed separate affidavits in the apex court and had tendered "unconditional and unambiguous apology".

Punjab Chit fund scam: Arrested suspect has named Cong MLA’s aide, say police

In a fresh development, the name of Amritpal Singh the personal assistant of Congress MLA Rana Sodhi from Guru-Har-Sahai constituency of Ferozepur district, has cropped up in connection with the case.


Odisha police seek L-R against chit fund scam accused

Panda was arrested from Bhubaneswar station last year before he could board a train to Vizag, from where he was to catch a flight to Singapore.

Chit fund scam: Motewar sent to judicial custody, to be sent to Odisha for further probe

Motewar is presently in the custody of the CID and would be handed back to Odisha police for further investigation in a chit fund scam.

Saradha scandal: Supreme Court orders CBI probe into chit fund scams in West Bengal and other states

The SC asked all states to assist the CBI in expediting the investigation into the chit fund scams.

CBI conducts searches at 58 locations in Mahrashtra, Pune in chit fund scam

In 2013, the Securities and Exchange Board of India (SEBI) had barred the directors of the company, which is headquartered in Shivajinagar in Pune, from raising money from its investors.


Chit fund scams in state total Rs 10K cr over 15 years: Govt

The government has so far lodged cases 163 criminal cases against unregulated chit fund firms.

Chit Fund Scam: Orissa to e-auction attached assets to repay small investors

In Orissa, chit fund firms collected around Rs 4,600 crore by defrauding about a million people.

After President nod to Bill, govt sends ‘probe’ scare down chit fund operators’ spine

The final approval to the Bill came days after Mamata held a meeting with PM Modi in Delhi recently.

Chit fund: CBI questions ED prosecutor

Panda has been accused of criminal conspiracy, criminal breach of trust, cheating among others.