Live Breaking News & Updates on Zarifa parveen

Stay informed with the latest breaking news from Zarifa parveen on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Zarifa parveen and stay connected to the pulse of your community

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 are grappling with legal complexities and challenges in recovering funds from these fraudulent enterprises.

Jammu-and-kashmir , India , Kashmir , Pahalgam , Thanjavur , Tamil-nadu , Kashmir-valley , Chennai , Madras , Sumbal , Kulgam , Zarifa-parveen