A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries...

running collective investment schemes popularly but incorrectly referred to as chit funds in Eastern India. The group collected around ₹200 to 300 billion (US$4–6 billion)...

Sanchayita Chit Fund Scam was a major financial scam caused by the collapse of a Ponzi scheme. The scam was unearthed in 1980 and it affected over 1.31...

monetary value Blood chit, document requesting safe passage and assistance for military personnel stranded in enemy territory Chit fund, a savings scheme...

Kerala State Financial Enterprises Limited (KSFE) is a public sector chit fund and loan company based in Thrissur city, Kerala, India. The company started...

million and $301 million. In the late 1960s, Chamoy started a chit fund called the Mae Chamoy Fund, which was made to look like an oil share with high returns...

acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business, but does not include any institution whose principal business...

company Ushakiran Movies. His other business ventures included Margadarsi Chit Fund, Dolphin Group of Hotels, Kalanjali Shopping Mall, Priya Pickles, ETV...

(2002). He was arrested by C.B.I for alleged links to the Rose Valley chit fund scam in December 2016, and was given bail after 13 months. Tapas Paul...

the offer. Kondal Rao reluctantly agrees to fund with the money from his chit fund. Meanwhile, the chit fund runner defaults on his payment, and Raghava's...