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.
Serious Fraud Investigation Office Suggests body to control fake chit funds along with MLM Companies
Chit Funds NEW DELHI: The Serious Fraud Investigation Office (SFIO) has strongly suggested establishing a body within the Central government to determine scams via chit funds and multi-level marketing business. A document put together by SFIO suggests the Centre should really keep an eye on virtually all multi-level marketing (MLM) plans via the administration directorate […]