https://www.taxtmi.com/news?id=62962 A federal investigation alleges Aarudhra Gold Trading Pvt. Ltd. ran a ponzi scheme collecting public deposits with promised monthly returns and incentives, causing defaults quantified at Rs 1,404 crore affecting 1,04,433 depositors. Searches at 21 locations in Chennai, Kancheepuram and Mumbai followed a 2023 charge sheet by the Economic Offences Wing against 40 persons; seizures included Rs 22 lakh cash and property documents worth Rs 1.50 crore, and authorities allege the use of dummy directors while the principal accused remains absconding. en-us Thu, 27 Nov 2025 19:46:03 +0530 Thu, 27 Nov 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62962 A federal investigation alleges Aarudhra Gold Trading Pvt. Ltd. ran a ponzi scheme collecting public deposits with promised monthly returns and incentives, causing defaults quantified at Rs 1,404 crore affecting 1,04,433 depositors. Searches at 21 locations in Chennai, Kancheepuram and Mumbai followed a 2023 charge sheet by the Economic Offences Wing against 40 persons; seizures included Rs 22 lakh cash and property documents worth Rs 1.50 crore, and authorities allege the use of dummy directors while the principal accused remains absconding. News - Thu, 27 Nov 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=62962