India News | Punjab CM Mann Orders Probe into Fraud by Chit Fund Company
Get latest articles and stories on India at LatestLY. Punjab Chief Minister Bhagwant Mann on Thursday ordered a probe into the alleged fraud committed by a chit fund company.
Chandigarh, Aug 18 (PTI) Punjab Chief Minister Bhagwant Mann on Thursday ordered a probe into the alleged fraud committed by a chit fund company.
Mann shared this information through his Twitter handle.
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“A high-level probe has been ordered into the chit fund company 'Pearl' which created moveable and immovable assets worth billions of rupees by looting people's hard-earned money of people of Punjab…detail will be made public soon,” said Mann in a tweet.
The Pearls group had allegedly cheated many people in various parts of the country by illegally operating different investment schemes.
Before coming to power, Mann during his election campaign had promised that after the formation of AAP government, the hard-earned money of people, who are the victims of Ponzi scam, will be returned by confiscating assets of chit fund companies.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)