Cryptocurrencies are worse than Ponzi schemes, says RBI Deputy Governor

Feb 14, 2022

Mumbai (Maharashtra) [India], February 14 : Cryptocurrencies have specifically been developed to bypass the regulated financial system and it is akin to or even...

President allows Ladakh LG to use BUDS Act to ban ponzi schemes, unregulated deposits

Jun 02, 2022

New Delhi [India], June 2 : President Ram Nath Kovind on Thursday directed the Ladakh Lieutenant Governor RK Mathur to exercise the powers and...

ED files prosecution complaint against 2 people under PMLA in Ponzi schemes case

Jan 23, 2021

New Delhi [India], January 23 : The Directorate of Enforcement (ED) has filed a prosecution complaint against Radhe Shyam and Bansi Lal, owners of...

ED attaches assets worth Rs 6.28 cr of Saradha Group of Companies in Assam

Apr 22, 2022

New Delhi [India], April 22 : The Enforcement Directorate (ED) has attached assets worth Rs 6.28 crore of Saradha Group of Companies in Assam...

CBI registers case against Universal Trading Solutions involved in multi-crore scam

Dec 15, 2023

The Central Bureau of Investigation (CBI) has registered a case against Gowtham Ramesh, managing director of Coimbatore-based Universal Trading Solutions Pvt Ltd (UTS), over...

Rose Valley case: ED raids in Kolkata, 7 luxury vehicles seized

Aug 27, 2021

New Delhi [India], August 27 : The Enforcement Directorate (ED) has seized seven luxury vehicles from a posh locality in Kolkata in its ongoing...