Exploiting the loopholes

COVER STORY
regulation chit funds

Whenever there is a scam, the government and regulators realise the need to plug loopholes in the law. But, after a lull, unscrupulous operators are back in business, promising the moon, and investors again fall prey to them. The regulators too look the other way until another scandal comes along
http://gfilesindia.com/frmArticleDetails.aspx?id=1029&Name=COVER%20STORY

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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