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: 150
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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: 151
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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 Context
            if (Configure::read('debug')) {

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 MUMBAI: The multi-crore chit fund scam is not just restricted to West Bengal, but is wide spread across the country, especially in Maharashtra. The state could be sitting on a time bomb with one estimate pegging..."/>
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                            <div align="justify">-The Times of India</div><p align="justify"><br /> <em>MUMBAI: </em>The multi-crore chit fund scam is not just restricted to West Bengal, but is wide spread across the country, especially in Maharashtra. The state could be sitting on a time bomb with one estimate pegging the racket as high as Rs 10,000 crore. Unfortunately, vulnerable people out to make a quick buck are the first to fall for these scams. Promises made by these fly-by-night firms defy all logic. Some claim to double your money in a few months. The Speak Asia scam in Maharashtra is believed to be around Rs 5,000 crore. </p><p align="justify">Former BJP MP from Mumbai Kirit Somayia has warned over a million investors and one lakh young agents could be in trouble because of these ponzi schemes. </p><p align="justify">In a letter to state chief minister Prithviraj Chavan, Somaiya said these companies were looting people. ``Actually these companies are not registered with any regulators like SEBI and RBI. They get themselves registered with ROC. With that registration certificate they cheat youngsters by offering them commission of 15% to 25% to get deposits etc. from common man,'' he said. </p><p align="justify">The economic offences wing of the city police should keep tabs on such schemes and crack down hard on such firms so that innocent people do not get cheated.</p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/city/mumbai/Chit-fund-scam-worth-Rs-10000cr-in-Maharashtra/articleshow/19745050.cms" class="re" target="_blank">The Times of India, 26 April, 2013, http://timesofindia.indiatimes.com/city/mumbai/Chit-fund-scam-worth-Rs-10000cr-in-Maharashtra/articleshow/19745050.cms</a><div class="clear"></div>
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                            <div align="justify">-The Times of India</div><p align="justify"><br /> <em>MUMBAI: </em>The multi-crore chit fund scam is not just restricted to West Bengal, but is wide spread across the country, especially in Maharashtra. The state could be sitting on a time bomb with one estimate pegging the racket as high as Rs 10,000 crore. Unfortunately, vulnerable people out to make a quick buck are the first to fall for these scams. Promises made by these fly-by-night firms defy all logic. Some claim to double your money in a few months. The Speak Asia scam in Maharashtra is believed to be around Rs 5,000 crore. </p><p align="justify">Former BJP MP from Mumbai Kirit Somayia has warned over a million investors and one lakh young agents could be in trouble because of these ponzi schemes. </p><p align="justify">In a letter to state chief minister Prithviraj Chavan, Somaiya said these companies were looting people. ``Actually these companies are not registered with any regulators like SEBI and RBI. They get themselves registered with ROC. With that registration certificate they cheat youngsters by offering them commission of 15% to 25% to get deposits etc. from common man,'' he said. </p><p align="justify">The economic offences wing of the city police should keep tabs on such schemes and crack down hard on such firms so that innocent people do not get cheated.</p>                                                           
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    <h1 class="cat-box-title">Chit fund scam worth Rs 10,000cr in Maharashtra -Nauzer K Bharucha</h1>
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                            <div align="justify">-The Times of India</div><p align="justify"><br /> <em>MUMBAI: </em>The multi-crore chit fund scam is not just restricted to West Bengal, but is wide spread across the country, especially in Maharashtra. The state could be sitting on a time bomb with one estimate pegging the racket as high as Rs 10,000 crore. Unfortunately, vulnerable people out to make a quick buck are the first to fall for these scams. Promises made by these fly-by-night firms defy all logic. Some claim to double your money in a few months. The Speak Asia scam in Maharashtra is believed to be around Rs 5,000 crore. </p><p align="justify">Former BJP MP from Mumbai Kirit Somayia has warned over a million investors and one lakh young agents could be in trouble because of these ponzi schemes. </p><p align="justify">In a letter to state chief minister Prithviraj Chavan, Somaiya said these companies were looting people. ``Actually these companies are not registered with any regulators like SEBI and RBI. They get themselves registered with ROC. With that registration certificate they cheat youngsters by offering them commission of 15% to 25% to get deposits etc. from common man,'' he said. </p><p align="justify">The economic offences wing of the city police should keep tabs on such schemes and crack down hard on such firms so that innocent people do not get cheated.</p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/city/mumbai/Chit-fund-scam-worth-Rs-10000cr-in-Maharashtra/articleshow/19745050.cms" class="re" target="_blank">The Times of India, 26 April, 2013, http://timesofindia.indiatimes.com/city/mumbai/Chit-fund-scam-worth-Rs-10000cr-in-Maharashtra/articleshow/19745050.cms</a><div class="clear"></div>
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Chit fund scam worth Rs 10,000cr in Maharashtra -Nauzer K Bharucha

Published on Apr 27, 2013   Modified on Apr 27, 2013

-The Times of India MUMBAI: The multi-crore chit fund scam is not just restricted to West Bengal, but is wide spread across the country, especially in Maharashtra. The state could be sitting on a time bomb with one estimate pegging the racket as high as Rs 10,000 crore. Unfortunately, vulnerable people out to make a quick buck are the first to fall for these scams. Promises made by these fly-by-night firms defy all logic. Some claim to double your money in a few months. The Speak Asia scam in Maharashtra is believed to be around Rs 5,000 crore. Former BJP MP from Mumbai Kirit Somayia has warned over a million investors and one lakh young agents could be in trouble because of these ponzi schemes. In a letter to state chief minister Prithviraj Chavan, Somaiya said these companies were looting people. ``Actually these companies are not registered with any regulators like SEBI and RBI. They get themselves registered with ROC. With that registration certificate they cheat youngsters by offering them commission of 15% to 25% to get deposits etc. from common man,'' he said. The economic offences wing of the city police should keep tabs on such schemes and crack down hard on such firms so that innocent people do not get cheated.

The Times of India, 26 April, 2013, http://timesofindia.indiatimes.com/city/mumbai/Chit-fund-scam-worth-Rs-10000cr-in-Maharashtra/articleshow/19745050.cms

Tagged with: Chit fund Fraud crime Corporate Governance

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