https://www.taxtmi.com/news?id=72835 Suspected investment fraud and unregulated deposit activity led to action against a private investment firm owner after district and police authorities found prima facie indications that funds had been collected from a large number of investors without valid approval from the RBI or SEBI. A case was registered under the Karnataka Protection of Interest of Depositors in Financial Establishments Act and the Banning of Unregulated Deposit Schemes Act, and the owner was taken into custody for further investigation. Officials also searched the firm's premises, examined records and laptops, and reported alleged collection of unsecured hand loans through informal agreements. en-us Sat, 16 May 2026 15:46:05 +0530 Sat, 16 May 2026 15:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72835 Suspected investment fraud and unregulated deposit activity led to action against a private investment firm owner after district and police authorities found prima facie indications that funds had been collected from a large number of investors without valid approval from the RBI or SEBI. A case was registered under the Karnataka Protection of Interest of Depositors in Financial Establishments Act and the Banning of Unregulated Deposit Schemes Act, and the owner was taken into custody for further investigation. Officials also searched the firm's premises, examined records and laptops, and reported alleged collection of unsecured hand loans through informal agreements. News - Sat, 16 May 2026 15:46:05 +0530 https://www.taxtmi.com/news?id=72835