Saturday, April 27, 2013

Alarmed Bihar cracks down on chit fund companies

Patna: Alarmed at the big fraud committed to gullible investors by a chit fund company, Saradha group, in the neighbouring West Bengal, the state government in Bihar has issued an alert, advising the masses against falling into the traps of the non-banking companies promising hefty monetary returns. The government even announced to tighten nooses around these companies which have mushroomed up in recent years.............

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