The SFIO (Serious Fraud Investigation Office) said that the report on chit fund scams by Saradha and other companies will be submitted by march. The Ministry had earlier expected the final report by last December.
MD of QuestNet India, Pushpam Appalanaidu arrested
Pushpam Appalanaidu, a 50 year-old Malaysian women, managing director of QuestNet India was arrested on the charge of duping Rs 160 crore through QuestNet, by Andhra Pradesh State Police.
Ferreira’s interim protection from arrest extended till February 24: Session Court
The former billiards Champion Michael ferreira has received relief from the session court. Now he will not get arrest till February 24 in QNet scam case.
Mastermind of Chitfund scam nabbed: CBI
Abu Sadeque Ishtiak Ahmed Choudhary, Chit fund scam Mastermind from Tripura got nabbed on Wednesday at Kolkata. He was hiding there from quite sometime, he duped around Rs 11 crore from a many gullible investors of Tripura.
3000 People scamed in Chhattisgarh between 2009-2013 by chit fund companies
In response to a question on Wednesday, by Congress legislator, Motilal Devangan, Home Minister, Ramsewak paikra, replied that on average 41 lakhs per head and around Rs 124 crores were swindled over 3000 people in last four years at Chhattisgarh by chit fund companies.
Nagpur district and sessions court rejected bail application of Pallavi Joshi
On Thursday, the Nagpur district and sessions court rejected the bail plea of Shreesurya directors and co-accused in the scam, which also includes Pallavi Joshi.
After Court Order Michael Ferreira appeared before Economic Offences Wing
For quite some time, Michael Ferreira was avoiding appearing before Mumbai Economic Offences Wing in connection to the Rs 425 crore QNet scam but appeared on Monday, when the Session Court asked him to do so.
Mumbai EOW investigating Danesh, Boman Irani’s Son for Qnet Scam
According to the latest revelation, Bollywood actor and comedian Boman Irani’s son Danesh could come under the police scanner after it was revealed that a huge sum of money from the QNet scam was allegedly transferred to his bank account.
Stock Guru scam: ED attaches Rs83 crore assets of Khaire
The properties seized by ED include some ‘benami’ immovable assets that Ullas Prabhakar Khaire and his wife Raksha of Stock Guru had allegedly purchased on fake identities Initiating its first action in the multi-crore Stock Guru scam, the Enforcement Directorate (ED) has issued attachment orders on properties worth Rs83 crore of main accused Ullas Prabhakar […]
Sameer Joshi, chairman of investment company ‘Shreesurya, Arrested
Finally, Sameer Sudhir Joshi, chairman of investment company ‘Shreesurya, has been arrested for alleged embezzlement by his company to a sum of Rs 247 crores. Last night, the implicated, Sameer Sudhir Joshi, was picked up from his Dhantoli house. Joshi’s spouse, who holds the post of director at ‘Shreesurya’ and is also an accused in the case, was […]