Sanchayita Chit Fund Scam was a major 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.[1][2][3][4][5][6]
References
- ↑ "33 years later, Sanchayita payback drags on - Times of India". The Times of India. Retrieved 31 July 2018.
- ↑ "WB chit fund scam brings back memories of Sanchayita collapse". News18. Retrieved 31 July 2018.
- ↑ "West Bengal in Damage Control After Chit Fund Scam". Outlook. Retrieved 31 July 2018.
- ↑ "30 yrs on, victims of Bengal's other chit scam get a pittance". The Indian Express.
- ↑ "Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals - Firstpost". www.firstpost.com. Retrieved 31 July 2018.
- ↑ "Sanchaita Investments scam: Years of sparring in court lie ahead". India Today. Retrieved 31 July 2018.
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