ponzi scheme
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ED probe into Amber Dalal case uncovers alleged role of over 20 commission agents
Amber Dalal, a Mumbai-based consultant and proprietor of M/s Ritz Consultancy Services, is accused of orchestrating a massive investment fraud, suspected to be a Ponzi scheme. Dalal allegedly raised over ₹600 crore from around 1,300 investors by promising high returns through commodity trading
Published on Apr 28, 2025 07:46 AM IST
Sahara Group case: ED attaches 1,023 acres of land worth ₹1,538 cr
The land was purchased under benami names with funds diverted from Sahara group entities, said ED officials
Published on Apr 24, 2025 07:40 AM IST
Ponzi scam: ED attaches assets worth ₹36.21 cr in Amber Dalal case
The assets recently attached included 10 immovable properties in Mumbai and Kolkata, and movable properties in the form of fixed deposit receipts, shares, mutual funds and investment in alternative funds.
Published on Mar 26, 2025 09:26 AM IST
Ex Pearls Group chief Bhangoo’s son-in-law held in ₹48k-cr fraud case
Harsatinder Pal Singh Hayer was arrested on Friday, and a special Prevention of Money Laundering Act (PMLA) court later sent him to ED custody.
Published on Mar 23, 2025 06:56 AM IST
HT Correspondent, New Delhi
Pearls Group owner’s son-in-law Hayer held in ₹48,000 crore Ponzi scheme
Punjab Agro Company Limited (PACL), a subsidiary of the Pearls Group, and Bhangoo, had allegedly cheated 55 million investors through a network of 2.3 million agents
Published on Mar 22, 2025 04:27 PM IST