Ponzi Scheme

Saturday, May 04, 2024 | Last Update : 06:53 PM IST

The committee also recommended that terms used like, gang, mafia, crime ring, gang criminality, racketeering, and serious offence maybe defined; the term "criminal organisation" may also be defined clearly as it lacks a distinct definition, leaving uncertainty about the criteria for categorising an organisation as "criminal" and any associated procedures for such classification.

Parliamentary Panel Praises Inclusion of Scams, Cybercrimes in Organised Crime Laws

The committee said this will be "a very effective addition" in the substantive law

17 Nov 2023 2:21 AM

Rajeev Kumar, a senior Indian Police Service officer is considered close to West Bengal chief minister Mamata Banerjee. (Photo: PTI)

CBI asks Supreme Court to cancel arrest shield granted to ex-Kolkata police chief Rajeev Kumar

The CBI petition will come up for a hearing only after the court resumes sittings from October 14.

04 Oct 2019 9:07 PM

Earlier in the day, Baig's advocate filed a petition in Karnataka High Court questioning the detention of his client in connection with the multi-crore IMA fraud case. (Photo: ANI)

IMA fraud case: Roshan Baig interrogated by SIT

‘I am going home now as an investigation has been completed and I have been asked to appear before the SIT on July 19,’ Baig said.

16 Jul 2019 3:31 PM

The Rose Valley financial scandal is a major scam caused by the collapse of a ponzi scheme run by Rose Valley Group. (Photo: File)

ED summons Bengali actor Prosenjit Chatterjee in Rose Valley case

The ED has asked Chatterjee to appear before them to investigate whether any monetary transactions took place between him and Gautam Kundu.

09 Jul 2019 3:33 PM

The SIT had arrested BDA executive engineer P D Kumar on July 1 and produced him before the court. The court sent him to 8-days police custody. (Photo: ANI)

SIT carries searches in properties owned by IMA jewels

Searches were carried in Front Line Pharma, Neelasandra, Vijayanagar. SIT also seized 60,000 cash; pharmacy, electronic goods of Rs 40 lakh.

03 Jul 2019 8:31 PM

Karnataka government had constituted an 11-member Special Investigation Team (SIT) to probe the alleged fraud by the IMA, which has an estimated Rs 200 crore investment of Muslim women alone. (Photo: ANI)

IMA Jewels case: CCB raids at Mansoor Khan's wives in Bengaluru

CCB collected some important documents of investments and details of Khan's financial issues, 1.5-kilogram gold and Rs 2.7 lakh cash.

18 Jun 2019 1:59 PM

The ponzi scheme scam was over Rs 2,500 crore by the Saradha group of companies, which had duped lakhs of customers promising higher rates of returns on their investment. (Photo: PTI)

Rajeev Kumar skips CBI summons, sends letter seeking more time

Kumar has been reinstated as ADG of CID on Sunday night by WB Govt. after model code of conduct ceased to exist.

27 May 2019 2:54 PM

Emails and phone calls to the company did not elicit a response.

ED flags ponzi scheme in name of Islamic banking

A penalty of Rs 1.86 crore was recovered from the firm after adjudication proceedings were made under FEMA.

09 Nov 2018 10:38 AM

According to the SEC's complaint, unsealed on March 22 in federal court in Brooklyn, Shah used Spark Trading Group to defraud more than 15 investors into contributing hundreds of thousands of dollars to two funds that he marketed. (Photo: File | Representational)

Indian-origin man charged with stealing more than USD 250,000 in Ponzi scheme

The SEC's Complaint charges Spark Trading and Shah with violations of the antifraud provisions of the federal securities laws.

27 Apr 2018 1:40 PM

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Columns

Shobhaa De

ponzi scheme

Parliamentary Panel Praises Inclusion of Scams, Cybercrimes in Organised Crime Laws

CBI asks Supreme Court to cancel arrest shield granted to ex-Kolkata police chief Rajeev Kumar

IMA fraud case: Roshan Baig interrogated by SIT

ED summons Bengali actor Prosenjit Chatterjee in Rose Valley case

SIT carries searches in properties owned by IMA jewels

IMA Jewels case: CCB raids at Mansoor Khan's wives in Bengaluru

Rajeev Kumar skips CBI summons, sends letter seeking more time

ED flags ponzi scheme in name of Islamic banking

Indian-origin man charged with stealing more than USD 250,000 in Ponzi scheme

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