EXPLAINED: How chit fund scams work

'Around 15 crore poor people have lost their money.' The political stand-off between West Bengal Chief Minister Mamata Banerjee and the Narendra Damodardas Modi government after a Central Bureau......

Chit fund scams: CBI searches in 4 cities

Central Bureau of Investigation on Tuesday carried out searches in four cities, including Delhi and Mumbai, in connection with its probe in the Saradha and Seashore chit fund scams running into......