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Bengal to close 73 firms involved in ponzi schemes

Published: 01 May 2013 - 04:37 am | Last Updated: 01 Feb 2022 - 11:14 pm

Kolkata: The West Bengal government yesterday announced it would shut down, by today, 73 companies against which the central government has received complaints of indulging in ‘ponzi’, or multi-level marketing, schemes.

Making the announcement in the state assembly, Chief Minister Mamata Banerjee said the government was looking into the list of 73 companies named by Union Corporate Affairs Minister Sachin Pilot against which the central government has got complaints.

She was speaking in the House after a bill seeking to bring to justice those trying to dupe people by collecting money from them.

“We will close the companies in the next 24 hours,” she said.

Banerjee, however, refused to name the companies. “If I say anything it will alert the companies,” she later told media persons in the assembly lobby.

IANS