Wednesday, May 8, 2013

IMG set up to suggest ways to tackle ponzi scheme menace


Amid rising instances of people being defrauded by ponzi schemes, the government has set up an inter-ministerial group to suggest ways to tackle fraudulent money pooling activities and protect the interest of investors. Representatives from the Finance and Corporate Affairs Ministries, Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) will be members of the inter- ministerial group (IMG).........


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