PONZI SCHEME

A company called Radiant Finance is allegedly running the scheme by "falsely promising huge returns on investment, part of which was used to pay hefty interest on earlier deposits, thus attracting more and more gullible individuals to…

Two bank accounts of Jacky, with a balance amount of Rs 1.34 crore were also freezed. Four immovable properties (commercial buildings/lands) situated in Gurugram and Imphal, Manipur, were also freezed/seized, ED said. TFM Desk Sanasam…

After the court sent all the four accused to judicial custody, some Grow Manipur Team supporters allegedly tried to storm into complaint’s residence at Singjamei Leisangthem Leikai TFM Report A high drama was witnessed at a Lamphel…

According to legal observers, this is the first time the Banning of Unregulated Deposit Schemes Act, 2019 has been invoked in Manipur. TFM Report Founder and mastermind of Grow Manipur Team (GMT), Pukhram Maikel Singh (30)…

Sections of the Banning of Unregulated Deposit Schemes 2019 Act have been added to the FIR. The bank and demat accounts of 17 people associated with GMT were obtained and concerned banks and SEBI were intimated for freezing these accounts.…

An investor lodged a complaint with Moirang police against GMT alleging that the Grow Manipur could be a fraudulent ponzi scheme to lure people to invest their hard earned money and later "defraud and cheat" them. By Paojel Chaoba …