Sanchayita chit fund scam - Revision history

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← Older revision		Revision as of 10:06, 22 March 2026
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	{{short description\|Financial scam in West Bengal, India in the 1980's}}		{{short description\|Financial scam in West Bengal, India in the 1980's}}
	{{Use dmy dates\|date=July 2019}}		{{Use dmy dates\|date=July 2019}}
	'''Sanchayita Chit Fund Scam''' was a major [[Confidence trick\|financial scam]] caused by the collapse of a [[Ponzi scheme]]. The scam was unearthed in 1980 and it affected over 1.31 lakh (0.131 million) people in [[West Bengal]], [[India]]. Two main promoters of the Sanchayita group, Shambhu Prasad Mukherjee and Swapan Guha, were arrested. Shambhu Mukherjee leaped or was pushed to his death from a multi-storeyed building in Calcutta (the murder theory still holds sway in Calcutta although the police claim that he committed suicide). Swapan Guha was declared insolvent by the court. Another accused Bihari Lal Murarka, the third promoter, went underground and has not been traced since.~~<~~ref~~>~~{{Cite news\|url=https://timesofindia.indiatimes.com/city/kolkata/33-years-later-Sanchayita-payback-drags-on/articleshow/19686212.cms\|title=33 years later, Sanchayita payback drags on - Times of India\|work=The Times of India\|access-date=2018-07-31}}~~<~~/ref~~><~~ref~~>~~{{Cite news\|url=https://www.news18.com/news/india/wb-chit-fund-scam-brings-back-memories-of-sanchayita-collapse-604815.html\|title=WB chit fund scam brings back memories of Sanchayita collapse\|work=News18\|access-date=2018-07-31}}~~<~~/ref~~><~~ref~~>~~{{Cite news\|url=https://www.outlookindia.com/newswire/story/west-bengal-in-damage-control-after-chit-fund-scam/796174\|title=West Bengal in Damage Control After Chit Fund Scam\|work=[[Outlook (Indian magazine)\|Outlook]]\|access-date=2018-07-31}}~~<~~/ref~~><~~ref~~>~~{{Cite web\|url=http://archive.indianexpress.com/news/30-yrs-on-victims-of-bengal-s-other-chit-scam-get-a-pittance/1121589/\|title=30 yrs on, victims of Bengal's other chit scam get a pittance\|website=[[The Indian Express]]}}~~<~~/ref~~><~~ref~~>~~{{Cite web\|url=https://www.firstpost.com/india/what-the-underbelly-of-bengals-saradha-scam-is-revealing-about-politicians-industries-1724513.html\|title=Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost\|website=www.firstpost.com\|date=23 September 2014 \|access-date=2018-07-31}}~~<~~/ref~~><~~ref~~>~~{{Cite web\|url=https://www.indiatoday.in/magazine/economy/story/19860715-sanchaita-investments-scam-years-of-sparring-in-court-lie-ahead-801058-1986-07-15\|title=Sanchaita Investments scam: Years of sparring in court lie ahead\|website=India Today\|date=15 July 1986 \|language=en\|access-date=2018-07-31}}~~<~~/ref~~>~~		'''Sanchayita Chit Fund Scam''' was a major [[Confidence trick\|financial scam]] caused by the collapse of a [[Ponzi scheme]]. The scam was unearthed in 1980 and it affected over 1.31 lakh (0.131 million) people in [[West Bengal]], [[India]]. Two main promoters of the Sanchayita group, Shambhu Prasad Mukherjee and Swapan Guha, were arrested. Shambhu Mukherjee leaped or was pushed to his death from a multi-storeyed building in Calcutta (the murder theory still holds sway in Calcutta although the police claim that he committed suicide). Swapan Guha was declared insolvent by the court. Another accused Bihari Lal Murarka, the third promoter, went underground and has not been traced since.<ref>{{Cite news\|url=https://timesofindia.indiatimes.com/city/kolkata/33-years-later-Sanchayita-payback-drags-on/articleshow/19686212.cms\|title=33 years later, Sanchayita payback drags on - Times of India\|work=The Times of India\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.news18.com/news/india/wb-chit-fund-scam-brings-back-memories-of-sanchayita-collapse-604815.html\|title=WB chit fund scam brings back memories of Sanchayita collapse\|work=News18\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.outlookindia.com/newswire/story/west-bengal-in-damage-control-after-chit-fund-scam/796174\|title=West Bengal in Damage Control After Chit Fund Scam\|work=[[Outlook (Indian magazine)\|Outlook]]\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=http://archive.indianexpress.com/news/30-yrs-on-victims-of-bengal-s-other-chit-scam-get-a-pittance/1121589/\|title=30 yrs on, victims of Bengal's other chit scam get a pittance\|website=[[The Indian Express]]}}</ref><ref>{{Cite web\|url=https://www.firstpost.com/india/what-the-underbelly-of-bengals-saradha-scam-is-revealing-about-politicians-industries-1724513.html\|title=Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost\|website=www.firstpost.com\|date=23 September 2014 \|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=https://www.indiatoday.in/magazine/economy/story/19860715-sanchaita-investments-scam-years-of-sparring-in-court-lie-ahead-801058-1986-07-15\|title=Sanchaita Investments scam: Years of sparring in court lie ahead\|website=India Today\|date=15 July 1986 \|language=en\|access-date=2018-07-31}}</ref>

	==References==		==References==

Nisha Lakra at 05:51, 27 July 2025

2025-07-27T05:51:27Z

← Older revision		Revision as of 11:21, 27 July 2025
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			{{short description\|Financial scam in West Bengal, India in the 1980's}}
	{{Use dmy dates\|date=July 2019}}		{{Use dmy dates\|date=July 2019}}
	~~{{Orphan\|date=August 2018}}~~		'''Sanchayita Chit Fund Scam''' was a major [[Confidence trick\|financial scam]] caused by the collapse of a [[Ponzi scheme]]. The scam was unearthed in 1980 and it affected over 1.31 lakh (0.131 million) people in [[West Bengal]], [[India]]. Two main promoters of the Sanchayita group, Shambhu Prasad Mukherjee and Swapan Guha, were arrested. Shambhu Mukherjee leaped or was pushed to his death from a multi-storeyed building in Calcutta (the murder theory still holds sway in Calcutta although the police claim that he committed suicide). Swapan Guha was declared insolvent by the court. Another accused Bihari Lal Murarka, the third promoter, went underground and has not been traced since.<ref>{{Cite news\|url=https://timesofindia.indiatimes.com/city/kolkata/33-years-later-Sanchayita-payback-drags-on/articleshow/19686212.cms\|title=33 years later, Sanchayita payback drags on - Times of India\|work=The Times of India\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.news18.com/news/india/wb-chit-fund-scam-brings-back-memories-of-sanchayita-collapse-604815.html\|title=WB chit fund scam brings back memories of Sanchayita collapse\|work=News18\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.outlookindia.com/newswire/story/west-bengal-in-damage-control-after-chit-fund-scam/796174\|title=West Bengal in Damage Control After Chit Fund Scam\|work=[[Outlook (Indian magazine)\|Outlook]]\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=http://archive.indianexpress.com/news/30-yrs-on-victims-of-bengal-s-other-chit-scam-get-a-pittance/1121589/\|title=30 yrs on, victims of Bengal's other chit scam get a pittance\|website=[[The Indian Express]]}}</ref><ref>{{Cite web\|url=https://www.firstpost.com/india/what-the-underbelly-of-bengals-saradha-scam-is-revealing-about-politicians-industries-1724513.html\|title=Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost\|website=www.firstpost.com\|date=23 September 2014 \|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=https://www.indiatoday.in/magazine/economy/story/19860715-sanchaita-investments-scam-years-of-sparring-in-court-lie-ahead-801058-1986-07-15\|title=Sanchaita Investments scam: Years of sparring in court lie ahead\|website=India Today\|date=15 July 1986 \|language=en\|access-date=2018-07-31}}</ref>

	~~{{short description\|Financial scam in West Bengal, India in the 1980's}}~~
	'''Sanchayita Chit Fund Scam''' was a major [[Confidence trick\|financial scam]] caused by the collapse of a [[Ponzi scheme]]. The scam was unearthed in 1980 and it affected over 1.31 lakh(s) of people in [[West Bengal]], [[India]]. Two main promoters of the Sanchayita group, Shambhu Prasad Mukherjee and Swapan Guha, were arrested. Shambhu Mukherjee leaped or was pushed to his death from a multi-storeyed building in Calcutta (the murder theory still holds sway in Calcutta although the police claim that he committed suicide). Swapan Guha was declared insolvent by the court. Another accused Bihari Lal Murarka, the third promoter, went underground and has not been traced since.<ref>{{Cite news\|url=https://timesofindia.indiatimes.com/city/kolkata/33-years-later-Sanchayita-payback-drags-on/articleshow/19686212.cms\|title=33 years later, Sanchayita payback drags on - Times of India\|work=The Times of India\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.news18.com/news/india/wb-chit-fund-scam-brings-back-memories-of-sanchayita-collapse-604815.html\|title=WB chit fund scam brings back memories of Sanchayita collapse\|work=News18\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.outlookindia.com/newswire/story/west-bengal-in-damage-control-after-chit-fund-scam/796174\|title=West Bengal in Damage Control After Chit Fund Scam\|work=[[Outlook (Indian magazine)\|Outlook]]\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=http://archive.indianexpress.com/news/30-yrs-on-victims-of-bengal-s-other-chit-scam-get-a-pittance/1121589/\|title=30 yrs on, victims of Bengal's other chit scam get a pittance\|website=[[The Indian Express]]}}</ref><ref>{{Cite web\|url=https://www.firstpost.com/india/what-the-underbelly-of-bengals-saradha-scam-is-revealing-about-politicians-industries-1724513.html\|title=Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost\|website=www.firstpost.com\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=https://www.indiatoday.in/magazine/economy/story/19860715-sanchaita-investments-scam-years-of-sparring-in-court-lie-ahead-801058-1986-07-15\|title=Sanchaita Investments scam: Years of sparring in court lie ahead\|website=India Today\|language=en\|access-date=2018-07-31}}</ref>

	==References==		==References==

->Qwerfjkl: Removed 'a(n)' from the beginning of the short description per WP:SDFORMAT, from a request at Wikipedia:Reward board#Remove "A" as the first word from short descriptions. (via WP:JWB)

2021-07-13T18:04:33Z

Removed 'a(n)' from the beginning of the short description per WP:SDFORMAT, from a request at Wikipedia:Reward board#Remove "A" as the first word from short descriptions. (via WP:JWB)

← Older revision		Revision as of 23:34, 13 July 2021
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	{{Orphan\|date=August 2018}}		{{Orphan\|date=August 2018}}

	{{short description\|~~A financial~~ scam in West Bengal, India in the 1980's.}}		{{short description\|Financial scam in West Bengal, India in the 1980's}}
	'''Sanchayita Chit Fund Scam''' was a major [[Confidence trick\|financial scam]] caused by the collapse of a [[Ponzi scheme]]. The scam was unearthed in 1980 and it affected over 1.31 lakh(s) of people in [[West Bengal]], [[India]].<ref>{{Cite news\|url=https://timesofindia.indiatimes.com/city/kolkata/33-years-later-Sanchayita-payback-drags-on/articleshow/19686212.cms\|title=33 years later, Sanchayita payback drags on - Times of India\|work=The Times of India\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.news18.com/news/india/wb-chit-fund-scam-brings-back-memories-of-sanchayita-collapse-604815.html\|title=WB chit fund scam brings back memories of Sanchayita collapse\|work=News18\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.outlookindia.com/newswire/story/west-bengal-in-damage-control-after-chit-fund-scam/796174\|title=West Bengal in Damage Control After Chit Fund Scam\|work=[[Outlook (Indian magazine)\|Outlook]]\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=http://archive.indianexpress.com/news/30-yrs-on-victims-of-bengal-s-other-chit-scam-get-a-pittance/1121589/\|title=30 yrs on, victims of Bengal's other chit scam get a pittance\|website=[[The Indian Express]]}}</ref><ref>{{Cite web\|url=https://www.firstpost.com/india/what-the-underbelly-of-bengals-saradha-scam-is-revealing-about-politicians-industries-1724513.html\|title=Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost\|website=www.firstpost.com\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=https://www.indiatoday.in/magazine/economy/story/19860715-sanchaita-investments-scam-years-of-sparring-in-court-lie-ahead-801058-1986-07-15\|title=Sanchaita Investments scam: Years of sparring in court lie ahead\|website=India Today\|language=en\|access-date=2018-07-31}}</ref>		'''Sanchayita Chit Fund Scam''' was a major [[Confidence trick\|financial scam]] caused by the collapse of a [[Ponzi scheme]]. The scam was unearthed in 1980 and it affected over 1.31 lakh(s) of people in [[West Bengal]], [[India]]. Two main promoters of the Sanchayita group, Shambhu Prasad Mukherjee and Swapan Guha, were arrested. Shambhu Mukherjee leaped or was pushed to his death from a multi-storeyed building in Calcutta (the murder theory still holds sway in Calcutta although the police claim that he committed suicide). Swapan Guha was declared insolvent by the court. Another accused Bihari Lal Murarka, the third promoter, went underground and has not been traced since.<ref>{{Cite news\|url=https://timesofindia.indiatimes.com/city/kolkata/33-years-later-Sanchayita-payback-drags-on/articleshow/19686212.cms\|title=33 years later, Sanchayita payback drags on - Times of India\|work=The Times of India\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.news18.com/news/india/wb-chit-fund-scam-brings-back-memories-of-sanchayita-collapse-604815.html\|title=WB chit fund scam brings back memories of Sanchayita collapse\|work=News18\|access-date=2018-07-31}}</ref><ref>{{Cite news\|url=https://www.outlookindia.com/newswire/story/west-bengal-in-damage-control-after-chit-fund-scam/796174\|title=West Bengal in Damage Control After Chit Fund Scam\|work=[[Outlook (Indian magazine)\|Outlook]]\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=http://archive.indianexpress.com/news/30-yrs-on-victims-of-bengal-s-other-chit-scam-get-a-pittance/1121589/\|title=30 yrs on, victims of Bengal's other chit scam get a pittance\|website=[[The Indian Express]]}}</ref><ref>{{Cite web\|url=https://www.firstpost.com/india/what-the-underbelly-of-bengals-saradha-scam-is-revealing-about-politicians-industries-1724513.html\|title=Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost\|website=www.firstpost.com\|access-date=2018-07-31}}</ref><ref>{{Cite web\|url=https://www.indiatoday.in/magazine/economy/story/19860715-sanchaita-investments-scam-years-of-sparring-in-court-lie-ahead-801058-1986-07-15\|title=Sanchaita Investments scam: Years of sparring in court lie ahead\|website=India Today\|language=en\|access-date=2018-07-31}}</ref>

	==References==		==References==

>JJMC89 bot III: Merging :Category:Scams to :Category:Confidence tricks per Wikipedia:Categories for discussion/Log/2020 September 28#Category:Scams

2020-12-09T01:27:04Z

Merging Category:Scams to Category:Confidence tricks per Wikipedia:Categories for discussion/Log/2020 September 28#Category:Scams

New page

{{Use dmy dates|date=July 2019}}
{{Orphan|date=August 2018}}

{{short description|A financial scam in West Bengal, India in the 1980's.}}
'''Sanchayita Chit Fund Scam''' was a major [[Confidence trick|financial scam]] caused by the collapse of a [[Ponzi scheme]]. The scam was unearthed in 1980 and it affected over 1.31 lakh(s) of people in [[West Bengal]], [[India]].<ref>{{Cite news|url=https://timesofindia.indiatimes.com/city/kolkata/33-years-later-Sanchayita-payback-drags-on/articleshow/19686212.cms|title=33 years later, Sanchayita payback drags on - Times of India|work=The Times of India|access-date=2018-07-31}}</ref><ref>{{Cite news|url=https://www.news18.com/news/india/wb-chit-fund-scam-brings-back-memories-of-sanchayita-collapse-604815.html|title=WB chit fund scam brings back memories of Sanchayita collapse|work=News18|access-date=2018-07-31}}</ref><ref>{{Cite news|url=https://www.outlookindia.com/newswire/story/west-bengal-in-damage-control-after-chit-fund-scam/796174|title=West Bengal in Damage Control After Chit Fund Scam|work=[[Outlook (Indian magazine)|Outlook]]|access-date=2018-07-31}}</ref><ref>{{Cite web|url=http://archive.indianexpress.com/news/30-yrs-on-victims-of-bengal-s-other-chit-scam-get-a-pittance/1121589/|title=30 yrs on, victims of Bengal's other chit scam get a pittance|website=[[The Indian Express]]}}</ref><ref>{{Cite web|url=https://www.firstpost.com/india/what-the-underbelly-of-bengals-saradha-scam-is-revealing-about-politicians-industries-1724513.html|title=Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost|website=www.firstpost.com|access-date=2018-07-31}}</ref><ref>{{Cite web|url=https://www.indiatoday.in/magazine/economy/story/19860715-sanchaita-investments-scam-years-of-sparring-in-court-lie-ahead-801058-1986-07-15|title=Sanchaita Investments scam: Years of sparring in court lie ahead|website=India Today|language=en|access-date=2018-07-31}}</ref>

==References==
{{reflist}}

[[Category:Confidence tricks]]
[[Category:Financial scandals]]
[[Category:Fraud in India]]

{{India-econ-stub}}