Alchemist chit fund latest news
Alchemist Chit Fund is a popular chit fund company in India that has been in the news recently due to some controversies and regulatory issues. Here are some of the latest news updates on Alchemist Chit Fund:
- SEBI orders attachment of assets: The Securities and Exchange Board of India (SEBI) has ordered the attachment of assets worth Rs 1,400 crore of Alchemist Chit Fund, citing irregularities and non-compliance with regulatory norms.
- Investors protest outside SEBI office: Hundreds of investors of Alchemist Chit Fund protested outside the SEBI office in Mumbai, demanding justice and seeking a refund of their invested amount.
- Alchemist Chit Fund's assets seized: The Enforcement Directorate (ED) has seized assets worth Rs 150 crore of Alchemist Chit Fund, including properties, vehicles, and bank accounts, in connection with a money laundering case.
- Alchemist Chit Fund's MD arrested: The Managing Director of Alchemist Chit Fund, Ramesh Chandra Agarwal, was arrested by the ED in connection with a money laundering case.
- Investors' money stuck: Thousands of investors of Alchemist Chit Fund are facing difficulties in getting their money back, with many complaining that the company has failed to honor its commitments.
- Alchemist Chit Fund's license suspended: The West Bengal government has suspended the license of Alchemist Chit Fund, citing irregularities and non-compliance with regulatory norms.
- Investors' association demands action: The All India Chit Fund Investors' Association has demanded action against Alchemist Chit Fund and its officials, alleging that the company has cheated thousands of investors.
- Alchemist Chit Fund's assets sold: The ED has sold assets worth Rs 100 crore of Alchemist Chit Fund, including properties and vehicles, to recover the amount owed to investors.
- Investors' protest in Delhi: Investors of Alchemist Chit Fund protested outside the office of the Finance Minister in Delhi, demanding a refund of their invested amount and seeking justice.
- Alchemist Chit Fund's case in court: The case of Alchemist Chit Fund is currently pending in the court, with investors seeking a refund of their invested amount and seeking action against the company and its officials.
These are some of the latest news updates on Alchemist Chit Fund. It's essential to note that the company is facing regulatory issues and legal troubles, and investors are advised to exercise caution and seek professional advice before investing in any chit fund or financial scheme.