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HomeEducation Education Financial Scams in India: #4 Saradha Scam Financial Scams in India: #4 Saradha Scam

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Financial Scams in India: #4 Saradha Scam

Financial Scams in India: #4 Saradha Scam

Thursday, April 27, 2017, 6:47 PM
The Saradha Group financial scandal was a major financial scam and alleged political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.The group collected around ₹200-300 billion from over 1.7 million depositors.
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