April 15, 2026 04:28 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'ECI deviated from Bihar procedure': Supreme Court raises concerns over voter deletion in Bengal SIR | Noida workers’ protest turns violent: Stones pelted, vehicles damaged over wage hike demand | Oil prices jump above $103 a barrel as US moves to block Iran-linked shipping | I don’t care if they come back or not, says Trump after Iran talks collapse | Legendary singer Asha Bhosle suffers cardiac arrest, hospitalised | Big boost to India–Mauritius ties: S. Jaishankar hands over 90 e-buses | Middle East tension: Iranian delegation arrives in Islamabad for major talks, 10,000 security personnel deployed | Ranveer Singh visits RSS HQ amid Dhurandhar 2 success, triggers speculation | ED raids ex-Bengal minister Partha Chatterjee; SSC scam resurfaces ahead of polls | Amit Shah promises UCC, ₹3,000 aid per month for women and youth in BJP’s Bengal manifesto

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

| | May 04, 2016, at 01:34 am
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.
 
#Arun Jailtey # Government # Ponzi scheme # West Bengal # Saradha scam # Jaitley action # Rajya Sabha

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: Mamata Banerjee files nomination from Bhabanipur for Bengal polls
In Images: Mamata Banerjee files nomination from Bhabanipur for Bengal polls Apr 08, 2026, at 01:04 pm
In Images: Kangana Ranaut at Kalighat Temple in Kolkata
In Images: Kangana Ranaut at Kalighat Temple in Kolkata Apr 07, 2026, at 02:46 pm
In Images: Amit Shah holds roadshow for BJP candidates in Kolkata
In Images: Amit Shah holds roadshow for BJP candidates in Kolkata Apr 02, 2026, at 05:14 pm
Related Videos
TMC-BJP clash in Bengal #westbengal #tmc #bjp Mar 30, 2026, at 04:20 pm
Seven stolen dogs in China make daring escape from meat traders Mar 30, 2026, at 04:20 pm
Munich elects first openly gay Green mayor in historic shift Mar 30, 2026, at 04:19 pm