Artha Tatwa group CMD Sethi arrested

Bhubaneswar : A special team of Commissionerate Police, which is probing the multi-crore fraud case lodged against the Artha Tatwa (AT) group, arrested the Chairman-cum-Managing Director (CMD) Pradeep Kumar Sethi from his farmhouse at Khurda Sunday night.

Many incriminating documents, cash and gold ornaments have been seized from his possession.

Debjani Mukherjee admitted to hospital : Chit fund scam

Kolkata: Debjani Mukherjee, one of the main accused in the Saradha Ponzi scam, was on Tuesday admitted to the state-run SSKM hospital. "She has been admitted with certain complaints like weakness, reeling and scanty urination. She is under observation of the doctors and there is nothing serious regarding her health condition," a hospital source said. 
Earlier, she was admitted to a private hospital last week as she was suffering from gastrointestinal tract infection. 

CHIT FUNDS OR CHEAT FUNDS?

Every once in a way, the media reports about unregistered chit fund operators fleeing with crores of rupees belonging to gullible investors. But that does not seem to deter people who continue on the same path of risky investment.In Bangalore, there are 193 registered chit fund operations under the Chit Funds Act 1982, with a turnover of about Rs. 4,000 crore per annum. However, the number of unregistered chit operators is estimated to be at least 100 times that. In other words, investors are sitting on a powder keg that can blow up any time.What is a chit fund?