In a real-life version of Phir Hera Pheri's chit fund scam, a Kerala-origin couple has allegedly duped hundreds in Bengaluru after running a ₹100-crore ($12 million) chit fund scam that promised sky-high returns 

Phir Hera Pheri style $5 million chit fund scam: How Kerala couple Tomy and Shiny duped people in Bengaluru and fled

Chief Minister Bhupesh Baghel on Saturday gave directions to conduct a proper investigation and take appropriate actions against the managers and operators of the unregulated financial chit fund companies.

Chhattisgarh CM calls for action against managers, operators of unregulated chit fund companies

ADG CID Rajeev Kumar on Thursday moved the Calcutta High Court seeking the quashing of a notice served on him by the CBI in connection with alleged suppression of facts in the Saradha chit fund scam probe.

Kolkata ex-top cop moves High Court, seeks quashing of CBI notice in chit fund case

The CBI has moved the Supreme Court seeking a recall of the court’s February 5 order staying the arrest of former Kolkata police commissioner Rajeev Kumar to let the agency put him to custodial interrogation in the Saradha and Rose Valley ponzi scam cases.

Chit fund scam: CBI seeks Supreme Court permission to arrest top cop Rajeev Kumar

Kolkata Police Commissioner Rajeev Kumar told the Supreme Court Monday he was grilled for 40 hours in five days in connection with the Saradha chit fund scam, and said it was "very intriguing" as to why the agency took a "major decision" to interrogate him on February 3 -- last day of the then interim CBI Director M Nageswara Rao.

Chit fund scams: I was grilled for 40 hours in five days, says Kolkata police chief

Chit fund scams in West Bengal echoed in the Lok Sabha on Wednesday, with Left and Congress members accusing the Trinamool Congress of looting money of investors.

West Bengal’s chit fund scams expose fault lines in Grand Alliance, Congress, Left spar with TMC in Parliament

Kolkata Police Commissioner Rajeev Kumar appeared before the CBI here for the fifth consecutive day on Wednesday to face questioning in connection with the chit fund scam cases, an official said.

Rose Valley scam: Kolkata Police chief faces CBI grilling for fifth day in a row

The Kolkata Police commissioner Rajeev Kumar was grilled for almost 11 hours by CBI officers on Sunday for the second consecutive day at the CBI’s Shillong unit in connection with the Rose Valley and the Saradha Chit Fund Scam.

Chit fund scams: Kolkata police chief grilled for 11 hours in second round of questioning

The defrauded investors and agents of various chit fund companies on Monday said they feel "betrayed" by the West Bengal government's move to stop CBI officers from interrogating the Kolkata Police commissioner and accused the Trinamool Congress dispensation of trying to hide the truth behind the multi-crore scam.

Defrauded chit fund investors say 'betrayed' by West Bengal's move to stop CBI

Mamata Banerjee claimed Sudip Bandyopadhyay arrest came under pressure from the Prime Minister's Office

Bengal chit fund scam: After her party legislator's arrest, Mamata calls for PM Modi's arrest

Sudip Bandyopadhyay was arrested by CBI in connection with the Rose Valley Chit Fund Scam

Bengal: Another Trinamool Congress legislator arrested over Chit Fund scam

He is likely to be taken to Bhubaneswar for further questioning

Trinamool Congress MP Tapas Pal arrested over alleged involvement in chit fund scam

Modi's remarks are thought to be directed at West Best Bengal Chief Minister Mamata Banerjee whose party was reportedly involved in the scam

Demonetisation: Doesn't the country know whose money was invested in chit funds? PM Modi hits back at Mamata Banerjee

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