Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/cheat-funds-again-20718/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/cheat-funds-again-20718/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/cheat-funds-again-20718/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/cheat-funds-again-20718/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680387b8ad4e8-trace').style.display = (document.getElementById('cakeErr680387b8ad4e8-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680387b8ad4e8-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680387b8ad4e8-code').style.display = (document.getElementById('cakeErr680387b8ad4e8-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680387b8ad4e8-context').style.display = (document.getElementById('cakeErr680387b8ad4e8-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680387b8ad4e8-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680387b8ad4e8-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 20576, 'title' => 'Cheat funds, again', 'subheading' => '', 'description' => '<div align="justify"> -The Hindu </div> <p align="justify"> <br /> The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies. </p> <p align="justify"> Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen. </p>', 'credit_writer' => 'The Hindu, 26 April, 2013, http://www.thehindu.com/todays-paper/tp-opinion/cheat-funds-again/article4655699.ece', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'cheat-funds-again-20718', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 20718, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 20576, 'metaTitle' => 'LATEST NEWS UPDATES | Cheat funds, again', 'metaKeywords' => 'Saradha Group,Chit fund,Fraud,crime,Corporate Governance', 'metaDesc' => ' -The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. 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The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies.</p><p align="justify">Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 20576, 'title' => 'Cheat funds, again', 'subheading' => '', 'description' => '<div align="justify"> -The Hindu </div> <p align="justify"> <br /> The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies. </p> <p align="justify"> Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. 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The first lesson to investors and regulators alike is that it is still...' $disp = '<div align="justify">-The Hindu</div><p align="justify"><br />The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies.</p><p align="justify">Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/cheat-funds-again-20718.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Cheat funds, again | Im4change.org</title> <meta name="description" content=" -The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Cheat funds, again</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu</div><p align="justify"><br />The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies.</p><p align="justify">Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these ‘collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies. </p> <p align="justify"> Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. 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When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 20576, 'title' => 'Cheat funds, again', 'subheading' => '', 'description' => '<div align="justify"> -The Hindu </div> <p align="justify"> <br /> The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies. </p> <p align="justify"> Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. 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The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies.</p><p align="justify">Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/cheat-funds-again-20718.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Cheat funds, again | Im4change.org</title> <meta name="description" content=" -The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Cheat funds, again</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu</div><p align="justify"><br />The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies.</p><p align="justify">Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these ‘collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. 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When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen. </p>', 'credit_writer' => 'The Hindu, 26 April, 2013, http://www.thehindu.com/todays-paper/tp-opinion/cheat-funds-again/article4655699.ece', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'cheat-funds-again-20718', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 20718, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 20576 $metaTitle = 'LATEST NEWS UPDATES | Cheat funds, again' $metaKeywords = 'Saradha Group,Chit fund,Fraud,crime,Corporate Governance' $metaDesc = ' -The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still...' $disp = '<div align="justify">-The Hindu</div><p align="justify"><br />The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies.</p><p align="justify">Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these &lsquo;collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/cheat-funds-again-20718.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Cheat funds, again | Im4change.org</title> <meta name="description" content=" -The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Cheat funds, again</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu</div><p align="justify"><br />The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits - at least - replacing the maturing ones, and when the chain snaps lots of people besides the investors stand to lose. The second message is that the State governments concerned cannot escape responsibility. In this case, the West Bengal government is clearly at fault for failing to take timely action against the high profile, illegal fund collection. The Saradha Group's promoter has now accused a few ruling party politicians of complicity. Though the persons he named have protested their innocence, these allegations need to be carefully probed. However, past experience with other financial frauds suggests that politicians and other influential individuals always manage to keep themselves one step ahead of the investigating agencies.</p><p align="justify">Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these ‘collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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Cheat funds, again |
-The Hindu
Unfortunately, therefore, it is ordinary investors who will bear the brunt of the Saradha Group's losses, which are estimated to be above Rs. 30,000 crore. The West Bengal Chief Minister's proposal to set aside Rs. 500 crore to partly compensate investors is not workable as it assumes a fair method for distributing the money to several competing claimants can be worked out. It also runs the risk of moral hazard, of taxpayers' money being used to underwrite scam losses. Regulators like the Reserve Bank of India and the Securities Exchange Board of India have much to answer for. Despite impressive strides in extending regulation to wide swathes of the financial sector, the system has not managed to check the dubious activities of the Saradha Group or for that matter those who have attracted deposits for raising emu birds in Tamil Nadu. Most of these ‘collective investment schemes' operate in a grey zone where the role of specific financial regulators has not been clearly spelt out. It is only recently that SEBI has promised strong action against fraudulent operators. For Saradha's investors, that will be cold comfort really. While greed and gullibility might have induced them to part with their savings, it is also possible that many of them chose risky avenues simply because it is more convenient to invest in them than with say, banks. The mainline financial system too has much to ponder over. When policymakers say they are committed to financial inclusion and financial literacy, scams like these should not happen. |