News Another ponzi scam in West Bengal; MPS goes bust, depositors lose their savings

[Deepu]

Investigations into the Saradha scam are yet to get over but West Bengal is already hit by another wave of Ponzi scams. While some of these scams like Rose Valley are much bigger in scale compared to Saradha, others like the MPS scam are almost equal in proportion.

Kinjal Bhattacharya, 49, sold his book-binding business in Kolkata that was his only source of income and deposited his sale proceeds with various collective investment schemes of the MPS Group. After the company went bust, Bhattacharya lost Rs 50 lakh which is almost the entire savings of his family.

Now he is left with little choice but to form an association with fellow depositors who were similarly cheated and fight a legal battle against the MPS Group.

http://ibnlive.in.com/news/another-...positors-lose-their-savings/538423-3-231.html

 

[Technoglitch]

Rose valley owns a channel isnt it?

 

[XPosed]

Yeah not only one but more than that

 

[Technoglitch]

rose valley and saradha own channels. then would DIDI bail out the rose valley channels?

 

[DashMajor]

Those Planet M channels, Khobhor 365, News Time are own by Rose Valley only.

Didi already supporting 2 Tara channels by spending Govt. money into it.

 

[Technoglitch]

the support might extend to these channels for their employees then..

 

[DashMajor]

She could give jobs to their employees in any other Govt. based agencies whats the meaning to help a culprit agency and paying carriage fee too. Already people hate these channels and many platform decline to carry Tara channels.

 

[whitebunny]

I don't understand why do people fall into this chit funds even if they know lot are simply duping customers.

 

[IndianMascot]

West Bengal has now become a house of scams. and Mamta is queen of that house

Request everyone to stay away from any investment scheme which has even the distant relation with West Bengal.