December 12, 2024 06:19 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Donald Trump vows to eliminate birthright citizenship after taking charge | No alliance with Congress in Delhi polls: AAP chief Arvind Kejriwal | Bengaluru techie's suicide: Atul Subhash's wife and her family booked | Bengaluru techie's suicide: Atul Subhash's wife and her family booked | INDIA bloc to knock on Supreme Court's doors over alleged EVM manipulation during Maharashtra polls | 'Babri Masjid should be rebuilt in Bengal's Murshidabad': TMC MLA Humayun Kabir sparks row | Rajnath Singh calls on Russian Prez Vladimir Putin in Moscow, discusses bilateral defence cooperation | Police to investigate conspiracy angle in Mumbai bus accident that killed 7 | Mamata Banerjee should lead INDIA bloc: Lalu Prasad Yadav | Opposition moves no-confidence motion against VP Jagdeep Dhankar in RS

Action will be taken against ponzi scheme offenders: Arun Jaitley informs RS

| | May 04, 2016, at 01:34 am
#Arun Jailtey # Government # Ponzi scheme # West Bengal # Saradha scam # Jaitley action # Rajya Sabha
New Delhi, May 3 (IBNS): Arun Jaitley, Minister of Corporate Affairs, on Tuesday made it clear to the Rajya Sabha that the government is committed to tackle the menace of unregulated ponzi deposit-taking schemes and take action against the offenders.
He informed that the Ministry of Corporate Affairs has ordered investigations through Serious Fraud Investigation Office (SFIO) under Section 235 of the Companies Act, 1956 and Section 212 of the Companies Act, 2013 into the affairs of 187 companies (as on 13-04-2016) against whom complaints had been received regarding alleged collection of funds through MLM/ Ponzi activities from the people in different States of the country.  
 
According to Jaitley, the government has taken a number of measures to check such cases of deposit taking activities and protect interests of the investors.
 
In West Bengal, the multi-crore scam by Saradha ponzi scheme left lakhs of depositors fleeced and triggered a political uproar.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
IN IMAGES: ISKCON members protest in Kolkata demanding release of arrested leader in Bangladesh
IN IMAGES: ISKCON members protest in Kolkata demanding release of arrested leader in Bangladesh Nov 30, 2024, at 12:21 am
IN IMAGES: Muslims led by West Bengal Jamiat-e-Ulama protest against Waqf Amendment Bill in Kolkata
IN IMAGES: Muslims led by West Bengal Jamiat-e-Ulama protest against Waqf Amendment Bill in Kolkata Nov 29, 2024, at 04:37 am
IN IMAGES: Hindu Jagran Manch holds protest march in Kolkata against ISKCON monk’s arrest in Bangladesh
IN IMAGES: Hindu Jagran Manch holds protest march in Kolkata against ISKCON monk’s arrest in Bangladesh Nov 29, 2024, at 03:27 am