“The state government will set up a study group to go through the issue for three months. Once the group submits its recommendations, the state will make necessary changes in existing acts. We will try to make the regulations stricter to reduce incidents of people getting robbed of their money (through Ponzi schemes),” he said.
Earlier, a few legislators, including Ravindra Waikar, Ashok Chavan and Balasaheb Thorat, raised questions about Ponzi schemes in the state. Fadnavis assured the House that the government would issue instructions to the economic offences wing of the police to ensure that agencies advertising higher returns on investments obtain proper permissions from the regulators concerned.
“The state home department will also make special efforts to sensitise people about such fraudulent schemes. These people target their customers while staying under the radar. Sometimes, even the use of darknet is also seen,” he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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