Kerala had this sort of looting earlier, now it is under control. with Church and other institutions entering the field of chitties there is safety for chit fund contributors. a strict law to nip this looting at the bud is the need. V Ramanathan village rengasamuram
gullible investors seeking high interest rate like 24 % and more are the counter image of shoddy chit funds/finance co. owners' who would like to rob them!
Chit funds are the ultimate 'legal' Ponzi schemes, and a huge pool of free, captive money for the owners, who could not otherwise qualify for normal bank funding.
Investors losing their hard earned money thro' chit funds is not something new. These chit funds are advertised in newspapers and other media. What has the RBI done. cant they stop such scams. many financial companies (NBFC's) shut down and many investors never got their money. Is not RBI responsible for this. They are the watchdogs of the financials but instead of taking care of investors they are taking care of their own pockets, so do the politicians. RBI should be held responsible for such frauds or poor investors keep losing their money.
the greed for earning unusual return on money invested has resulted in this fiasco.so, friends there is no there is no short cut for getting unusual returns......work hard and be patient......
Re: bangali brain???
by George Joseph on May 08, 2013 01:04 PM
yes, they are intelligent,but too lazy to work. so what is the use of their intelligence!
After 65 years of independence what we get in half an hour is a
pizza
but we have to wait for the AMBULANCE for two hours.... This is our Democracy... and Indian Independence... Shameless government with hopeless leaders. Shameless government with useless leaders.
now mamata is going after kunal ghosh and srinjoy bose as the fall guys.. but they are small fry! they are nobodies..kunal ghosh's claim to fame is as a cchhchamcha editor of TMC and Mamata.. he used the newspaper pratidin ( owned by srinjoy bose) to spread lies in favour of TMC and against the left frnt..srinjoy supported that.. so kunal was rewarded by making him the group media CEO of mamata's mouthpieces,,TARA channel, saradha's bengali newspapers and channel 10..srinjoy's family was rewarded by booting out their business rivals ABG group from haldia.. these 2 became collectors for mamata.. they collected the loot for mamata from saradha...the other indirect route for collecting loooot was to sell mamata's so called paintings to bsuinessmen for crores.. so the owner of saradha had to buy one such trash painting for almost 2 crores ! first arrest mamata and investigate the loooot route.. b4 touching the small fry !
