Ponzi  

Heaping praise on Prime Minister Narendra Modi, Union home minister Amit Shah categorically stated that it was the Prime Minister who took the brave decision of invalidating Articles 35A and 370. Rajeev Kumar, former Kolkata police commissioner, failed to appear before the Central Bureau of Investigation today in connection with the Saradha ponzi scam case.  Catch the top stories of the country on MyNation in 100 seconds.

The Central Bureau of Investigation (CBI) has filed a 1000 page chargesheet in the court naming as many as 25 people including Mansoor Khan and his sisters. The CBI officials filed the chargesheet in the CCH court in Bengaluru.

The Special Investigation Team (SIT) chief S Girish said that the IMA case in Bengaluru was being transferred to the CBI because the accused and victims in the scam were living across the country and the investigation had to be carried out in different states

CBI officers who are probing the Saradha ponzi scam and the 2G telecom spectrum allocation scam are awarded the coveted police medals on the occasion of Independence Day. Karnataka chief minister BS Yediyurappa said that his government is committed to ensuring that employment opportunities of Kannadigas are never compromised. Watch MyNation in 100 seconds for the top stories from across the nation.

In this episode of Deep Dive with Abhinav Khare, we delve into the many ponzi schemes that have plagued the nation. Why do they exist? Is there a political nexus? Does it exist across the globe? How can investors be careful? Read/watch this detailed report.

IMA founder-owner Mohammad Mansoor Khan who was arrested in New Delhi was brought to Bengaluru by Special Investigation Team officials
 

IMA Jewels founder and managing director Mansoor Khan was arrested on Friday morning (July 19) in Delhi by the Enforcement Directorate (ED)

The Special Investigation Team (SIT) has arrested Umair Shariff who ran a school on Bengaluru’s Bannerghatta Road and also promoted the IMA ponzi company in exchange for cash and a van
 

Roshan baig's lawyer filed a petition in the karnataka high court against the Special Investigation Team questioning the basis on which Roshan Baig was detained.  The SIT that is probing the I Monetary Advisory (IMA) scam detained Roshan Baig when he was about to leave the city on a chartered aircraft. 
 

The launch of Chandrayaan-2, the biggest moon mission yet, has been postponed due to a technical snag, just an hour before the scheduled liftoff. BJP MLA Rajesh Mishra's daughter Sakshi and her husband Ajitesh Kumar, who alleged that they fear for their lives for marrying outside their castes, were attacked inside the High Court complex on Monday minutes after they were given protection. Watch MyNation in 100 seconds for the top headlines of the day from across the country.

Earlier, the Enforcement Directorate had also summoned Bengali and Hindi film actor Prosenjit Chatterjee over the Rose Valley ponzi scam

The CBI officials are carrying out raids in as many as 22 locations in West Bengal in connection with a ponzi scam case. 

In relation to a property which he sold to I Monetary Advisory, food and civil supplies minister Zameer Ahmed has received summons from the Enforcement Directorate.

The central agency said its Bengaluru zonal office has issued a provisional order, under the Prevention of Money Laundering Act, for attachment of immovable assets worth Rs 197 crore and about Rs 12 crore deposits kept in bank accounts.

Nowhera floated a company, Heera group, to start the Ponzi scheme. She claimed that easy money could be made by investing in her company, which allegedly imported/smuggled large quantities of gold into India from Dubai and sold it in the local market