Four arrested in Mumbai in connection with ₹30 crore Ponzi, multi-level marketing scheme
Police said the company was accepting illegal investments, even in the form of cash, promising continuous, fixed returns of 5-7% monthly, without obtaining any license/registration from the Reserve Bank of India or the Securities and Exchange Board of India
· 8/14/2026, 11:09:14 PM· 2 min read
Police said the company was accepting illegal investments, even in the form of cash, promising continuous, fixed returns of 5-7% monthly, without obtaining any license/registration from the Reserve Bank of India or the Securities and Exchange Board of India
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