https://www.taxtmi.com/news?id=44325 Allegations concern running an unlawful collective-investment operation in breach of the Nidhi Rules and operating a chit fund-style scheme outside regulatory limits, soliciting deposits across multiple states and a neighbouring country, promising high returns and referral commissions, and transferring company receipts to personal accounts of close relatives; enforcement includes criminal registration by the Economic Offences Wing, arrests, transit remand and provisional sealing of identified immovable property. en-us Wed, 21 May 2025 17:46:04 +0530 Wed, 21 May 2025 17:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44325 Allegations concern running an unlawful collective-investment operation in breach of the Nidhi Rules and operating a chit fund-style scheme outside regulatory limits, soliciting deposits across multiple states and a neighbouring country, promising high returns and referral commissions, and transferring company receipts to personal accounts of close relatives; enforcement includes criminal registration by the Economic Offences Wing, arrests, transit remand and provisional sealing of identified immovable property. News - Wed, 21 May 2025 17:46:04 +0530 https://www.taxtmi.com/news?id=44325