SEBI warned the state government of West Bengal about Saradha Group's chit fund activities in 2011, again prompting Saradha Group to change its methods.
22.
But later on, the chit fund company turns out to be bogus which was managed by Deva, to generate finance for smuggling of ammunition to Pakistan.
23.
In the 1970s, the financial collapse of two companies, Gemini Chit Fund Corporation and Stallion Corporation, led to criminal charges being brought against their executives.
24.
Stallion's executive director Martin Ler Cheng Seng pleaded guilty to authorising his firm to unlawfully bid at a Stallion chit fund sale, and was jailed for a year.
25.
Meena is to be married to a young man named Satish, and Laxmi goes to withdraw her chit fund from Gopal Khaitan, only to find out that he has duped her.
26.
However, it has been found that " Parama " was run by Saradha Group financial scandal, the chit fund company, which swindled thousands of people in West Bengal, Assam and Bihar.
27.
The companies operated chit funds, which were schemes in which investors paid sums of money by instalments to the companies in exchange for the entitlement to be allotted a larger return from the fund.
28.
In the late 1960s Thipyaso started a chit fund called the Mae Chamoy Fund ( Mae being the Thai word for Mother ), which was made to look like an oil share with high returns.
29.
He was a jobless youth and he got a job as a manager in a chit fund company with Madhavan's help ( a family friend ) and paid a big amount to join the company.
30.
However, Azaad is more interested in retrieving money from Chit fund Company and going back to Rajahmundry to participate in his sister's marriage, refuses to enact the role and take the responsibility of legendary character Azaad.
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