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Ponzi scheme: Court orders sale of assets worth Rs 4,000 cr of fraud company
Updated On: 13 February, 2017 11:30 AM IST | | mid-day online correspondent
<p>In a landmark judgment that could aid 20 lakh victims of a Ponzi scheme, a special Maharashtra Protection of Interest of Depositor (MPID) Act court has ordered the sale of Rs 4,000 crore worth assets of Sai Prasad group of companies</p>


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In a landmark judgment that could aid 20 lakh victims of a Ponzi scheme, a special Maharashtra Protection of Interest of Depositor (MPID) Act court has ordered the sale of Rs 4,000 crore worth assets of Sai Prasad group of companies. The latter duped investors with promises of high returns. According to cops, if things fall in order, money could be returned to investors by the end of the year.
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