4 Gujarat Titans cricketers under scanner in Rs 450-crore chit fund scam: Sources
1 week ago

4 Gujarat Titans cricketers under scanner in Rs 450-crore chit fund scam: Sources

India Today  

Four Gujarat Titans cricketers have come under scanner in the Rs 450-crore Ponzi scheme orchestrated by the BZ Group, which is now under investigation by Gujarat's CID Crime, sources told India Today TV. Sources stated that the players from the Gujarat Titans had invested in the controversial firm, raising questions about their involvement and potential losses. This comes after the questioning of Bhupendrasinh Zala, the alleged mastermind behind the Ponzi scheme. Bhupendrasinh Zala, from Himmatnagar in Gujarat’s Sabarkantha district, allegedly ran a scheme that collected Rs 450 crore from more than 11,000 investors through BZ Financial Services between 2020 and 2024.

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History of this topic

Ponzi Scams In West Bengal: NUJS Kolkata Prepares Research Report In Collaboration With University Of Leicester
1 year, 5 months ago

Ponzi Scams In West Bengal: NUJS Kolkata Prepares Research Report In Collaboration With University Of Leicester

Live Law  

The West Bengal National University of Juridical Sciences on Wednesday, 19th July, 2023, hosted the inauguration of a research report on “Preventing Ponzi scams in West Bengal: Profiling the victims and proposing the legal antidote”, a collaborative research project between NUJS Kolkata, and the University of Leicester, UK. Although Governments have brought in several legislations in the aftermath of the …

14 booked for duping thousands of ₹3.8 cr in chit fund scam over 2 years
4 years, 9 months ago

14 booked for duping thousands of ₹3.8 cr in chit fund scam over 2 years

Hindustan Times  

Patiala Police have booked 14 persons, all of Ferozepur, for duping over 10,000 residents across the state, collectively of ₹3.77 crore in a ponzi scam on Friday. HT Image This fraud ran for over two years from 2016 to June 2018, when the first complaint was lodged by Gagandeep Singh, of Seona village, in Patiala; he lost ₹23 lakh to …

CBI charge sheets journalist in Ponzi scam
5 years, 7 months ago

CBI charge sheets journalist in Ponzi scam

India TV News  

The Central Bureau of Investigation has filed a supplementary charge sheet against a journalist for allegedly receiving Rs 4 crore from a ponzi company, officials said Thursday. In its charge sheet filed in a special court in Bhubaneswar, the agency has claimed that journalist Suman Chattopadhyay, who was a director of Disha Productions and Media Private Limited, had received the …

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