chit fund scam
Nalini Chidamabaram, wife of former Finance Minister P Chidambaram, has been examined by CBI in connection with the alleged multi-crore Saradha chit fund scam. CBI examined Nalini, a Supreme Court lawyer, yesterday evening in Chennai in connection with the legal fee paid to her by the Saradha group, official sources said here. The sources said [...] Continue Reading »
Completing its probe into ‘chit fund scam‘ of 14 Saradha group firms, SFIO on Monday said these companies have been found to be running ‘Ponzi schemes’ and would face prosecution for violation of several laws. The investigation concluded that the group was using collections from new investors to make payments to the previously enrolled members, [...] Continue Reading »
