In my previous article, I explained ponzi scheme in detail. One such ponzi schemes have taken away 50 lakhs of Shabnam Singh, who is Yuvraj’s mother. Assistant director of Enforcement Directorate asked Shabnam Singh to share details of her transactions with suspect firms. Scam, with hawala aspect, pegged at Rs 700 crore in preliminary assessment. Cricketer Yuvraj Singh’s mother is believed to be among many investors who have lost money in a large Ponzi scheme, which is being investigated by the Enforcement Directorate’s Mumbai team. An officer told Mirror that the scheme’s managers, linked to one Sadhana Enterprises, promised 84 per cent annual returns in the
Read More
