Investment Fraud

  • No relief for Subrata Roy from SC, next hearing on March 25 13-03-2014 04:09 PM

    New Delhi: In another setback for Sahara chief Subrata Roy, the Supreme Court on Thursday again deferred hearing on his contempt case saying it will only hear Sahara's plea against his detention when the company gives a proposal to refund the crores it owes to its investors. The hearing has...
  • Odisha: Investors duped of nearly Rs 20,000 cr 01-05-2013 06:38 PM

    Bhubaneswar: A scam as big as the chit fund fraud in West Bengal has been exposed, but this time it is in Odisha. A CNN-IBN exclusive shows how fraudulent investment companies are duping investors in the state. Investors have been swindled off nearly Rs 20,000 crore by 40 finance companies...
  • WB chit fund scam hits the state's film industry 29-04-2013 08:42 AM

    Kolkata: The West Bengal chit fund is getting bigger each day. It has now turns out that ponzi schemes in the state financed not just media houses but Tollywood films as well. In the past four years, at least one in three films has been produced by groups that run...
  • How a Saradha receptionist became executive director in 3 years 27-04-2013 10:08 AM

    Kolkata: Debjani Mukherjee, who went from being a receptionist in the Saradha group to becoming an executive director, has now been arrested for defrauding investors. Her story is a fairy tale that ended badly. Debjani Mukherjee is known as 'Madam' by the employees of the Saradha group. She is a...
  • WB, NE a hotbed of investment frauds: probe 26-04-2013 01:54 PM

    New Delhi: Amid a raging controversy over alleged cheating of gullible investors by Saradha group, the regulators have found that West Bengal and Northeastern states have become a hotbed of such frauds and NRIs from these regions account for a large chunk of defrauded people. While the Centre has announced...