Investigations by Serious Fraud Investigation Office

Last updated: 01 December 2012

Government has said that the Ponzi and Multi-Level Marketing (MLM) schemes fall within the purview of Money Circulation which is an offence under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. That Act is administered by the Ministry of Finance (Department of Financial Servi
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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