Ponzi scam

Ponzi scam News

Bengaluru news: Top stories - July 15

Welcome to your one-stop destination for the top news from Bengaluru on July 15.

IMA scam: Bedridden for last 30 days, want to return in 24 hours, says Mansoor Khan in video

In his latest video, Khan says he is suffering from three heart blockages for which he requires immediate treatment. The SIT, probing the IMA case, is yet to react to the video. Khan further says he was on "bed rest for the last 30 days".


IMA scam: ED summons Karnataka minister Zameer Ahmed Khan on July 5

Zameer Ahmed has been asked to appear before the ED on or before July 5. According to reports, Zameer Ahmed Khan has business dealings with I Monetary Advisory (IMA) group's founder Mansoor Khan, who is reportedly hiding in Dubai.

Ponzi scam: Kolkata HC asks CBI officer to not appear before court, sets aside order

A case filed was filed at Ballygunge police station after a few hundred investors of Rose Valley ponzi scheme stormed a south Kolkata hotel, which was run by the chit fund company, demanding their money be returned.

Gujarat: CID takes over investigation into Rs 260 crore ponzi scam

The CID was asked to take over the case from the local Vastrapur police on Wednesday and set up a Special Investigation Team to probe it. On Thursday morning, a team of CID officials reached Vastrapur police station and took over the case papers.

US: Indian-origin man charged with $250,000 fraud

The US Securities and Exchange Commission is seeking the return of allegedly ill-gotten gains with interest and civil money penalties.


Rs 600 crore Ponzi scam: ED raids houses of its former deputy director, advocate, another man in Mohali

The ponzi scam had once been probed by Gurnam Singh during his deputation in Chandigarh between 2012 and 2017.

Money laundering case: Enforcement Directorate attaches Rs 472 crore assets

The ED had registered a criminal case against the firm in 2015 based on a CBI FIR against the group, its directors and officials.

Pearls Group Ponzi scam: 30 lakh investors identified, SC ruling gives fresh hope

The Pearls Investors Association, collecting data about the investors across 17 states in the country, has identified 30 lakh investors in Punjab.

Saradha was running ponzi schemes; to face prosecution: SFIO

SFIO today said these companies have been found to be running 'ponzi schemes'.