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Is Kashmir A Ponzi Paradise?

The recent financial fraud in Kashmir, marked by the abrupt closure of a registered private limited company, Curative Survey, reveals a sophisticated Ponzi-style operation. Two Tamil Nadu residents allegedly raised Rs 69 crore, only to close offices and flee, leaving Rs 14 crore in traced transactions. Notably, a blogger in south Kashmir exposed the scam, emphasizing the lack of tech-centric whistleblowing. The company, initially registered as a proprietorship firm in Chennai, claimed involvement in wellness and cosmetic products but operated without authorisation and lacked membership in the Indian Direct Selling Association. The police have seized offices, bank accounts, and initiated an investigation, yet the whereabouts of the directors remain unknown. This incident follows a trend of financial fraud in Kashmir, including a recent chit fund scam orchestrated by police constables and historical cases involving non-banking finance companies like Kashmir Valley Finance. Authorities ar ....

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KGO ABC World News Now August 9, 2012



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WBFF Fox 45 Morning News August 9, 2012



roll into your neighborhood. in your skywatch forecast. back to school shopping just got more affordable.when you can buy school supplies. tax free. and. a school under fire this morning.the test they re making female students take that s gotten the a-c-l-u involved. 3 3 thursday, august 9th 3 3 3 3 3 3 3 maryland lawmakers are heading back to annapolis, toda. today. a special legislative session convenes, this morning. as lawmakers decide whether to add table games and a sxith casino in maryland. the governor called the special session two weeks ago. with hopes of maximizing casino revenues. but critics are shaking their heads. (3:33) we re going to do this in a whirlwind session in the middle of the summer when people are on the beach or on vacation. its going to have zero accountability and zero scrutiny. it really is kind of a scandal. scandal. even if lawmakers approve the measure, it must still be approved by voters in novembee. 3 the investigation continues th ....

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