About this document
Saradha Group Financial Scandal Overview by Dhrubajyoti Datta is a document available to read on EtoBox.
The Saradha Group financial scandal involved the collapse of a Ponzi scheme run by the Saradha Group in West Bengal, India. The group collected over $2.4 billion from over 1.7 million depositors promising high returns before collapsing in 2013. Many prominent politicians and business leaders were arrested for their involvement. The scandal highlighted the lack of regulation of financial schemes targeting low-income citizens and led to reforms to curb such Ponzi schemes in the future.
- Author
- Dhrubajyoti Datta
- Language
- EN