<h1>Government Cracks Down on 187 Companies for Ponzi Schemes, Enhances Corporate Governance and Fraud Detection.</h1> The government is actively addressing unregulated Ponzi schemes by investigating 187 companies accused of illicit fund collection through multi-level marketing activities. The Ministry of Corporate Affairs has initiated probes via the Serious Fraud Investigation Office under the Companies Act of 1956 and 2013. Measures include recognizing 'fraud' as a substantive offense, granting statutory status to the SFIO, and enforcing stricter corporate governance norms. Additionally, technology is being leveraged for early fraud detection. This initiative aims to safeguard investors and curb fraudulent deposit-taking activities across various states.