Home / News / India News / Article / Ponzi scheme: Court orders sale of assets worth Rs 4,000 cr of fraud company

Ponzi scheme: Court orders sale of assets worth Rs 4,000 cr of fraud company

<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>

Listen to this article :


Representational image

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.

How do you like the new new mid-day.com experience? Share your feedback and help us improve.

Read Next Story
Woman who accused SP MLA Arun Verma of rape, found dead

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement