CBI arrests 2 former managing directors in ponzi scam
NEW DELHI: The CBI has arrested two former managing directors of companies in two separate cases related to a scam in which Rs 756 crore of investors’ money is under scanner, officials said Thursday. Awdhesh Singh, the then managing director of Sun Plant Agro Ltd and Dipankar De, the then managing director of New Land […]
CBI arrests Pailan Group CMD in Rs 574-crore ponzi scam
NEW DELHI: The CBI on Tuesday arrested Pailan group chief Apurba Saha for illegally raising from the public through `fraudulent schemes’ in a Rs 574-crore ponzi scam case, officials said. Saha was arrested from the city by the economic offences wing of the investigating agency and would be produced at the designated court on Wednesday. […]
Enforcement Directorate chargesheets Pearls Group in Rs 45,000 crore ponzi scam
NEW DELHI: The Enforcement Directorate (ED) on Wednesday filed a charge- sheet against Pearls Group and its chief Nirmal Singh Bhangoo in connection with a ponzi scam involving over Rs 48,000 crore. Apart from Bhangoo, who is in judicial custody, three of his colleagues and several of his commission agents have also been named in […]