Visakhapatnam, Andhra Pradesh money circulation business collected massive Rs 397 cr in two years span and shut down the business. People lost big chunk of their hard-earned money in these scam businesses. Lots of professional scamster who guarantee to make one rich overnight, vanish no quicker than they appear with grand ads and bring in lakhs of […]
Finance Ministry for Changes in Prize Chits & Money Circulation Act
The department of financial services has proposed modifying the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 to make inducement to individuals for signing up with MLM pyramid, Ponzi or cumulative investment schemes an offence to plug loopholes in money churning tasks of business. The division under the finance ministry has proposed to place a […]