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Pilot writes to state CMs for police action in fraud schemes

Last Updated: Monday, April 22, 2013, 16:22

The Centre has written to state CMs for vigorous police action against erring entities.

Investors of chit fund protest, WB govt promises strong steps

Last Updated: Saturday, April 20, 2013, 18:46

Widespread protests by investors were reported from North and South 24 Parganas, Howrah, Hooghly and Burdwan districts.

SEBI for clamp down on risky chit funds

Last Updated: Tuesday, March 26, 2013, 14:25

"The type of promises (some of) these companies are giving are such that no legitimate business activity can provide that sort of returns," SEBI Chairman U K Sinha said.

All agencies geared to curb illegal fund-raising: Pilot

Last Updated: Saturday, March 23, 2013, 20:57

The corporate affairs ministry has also planned to tie up with Google, IndiaPost and BSNL for spreading information about securities investments, Pilot said.

Govt inspecting 87 chit-funds, multi-level marketing cos: MCA

Last Updated: Monday, August 27, 2012, 15:25

As many as 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulation in the garb of multi-level marketing, the government said Monday.

Bihar govt for action against fraud chit funds

Last Updated: Tuesday, July 5, 2011, 19:22

Bihar government would take strict action against chit fund and Non-Banking Financial Companies found involved in "cheating and forgery", Deputy Chief Minister S K Modi on Tuesday said.