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Four arrested in Mumbai in connection with ₹30 crore Ponzi, multi-level marketing scheme

India Latest News: Top National Headlines Today & Breaking News | The Hindu · 14 Aug 2026, 23:09

Police said the company was accepting illegal investments, even in the form of cash, promising continuous, fixed returns of 5-7% monthly, without obtaining any license/registration from the Reserve Bank of India or the Securities and Exchange Board of India

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