gfiles magazine

October 4, 2014

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


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