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Supreme Court Seeks Centre, T.N. Responses to Depositors' Plea for CBI Probe into Multi-State Ponzi Scheme
The Supreme Court of India directed the Centre and Tamil Nadu government to respond to a plea by depositors seeking a CBI investigation into a multi-state Ponzi scheme. This follows broader court directives on cyber frauds and Ponzi scams amid rising financial crimes.
Why It Matters
Highlights judicial push for central probe into cross-state financial frauds affecting depositors, amid increasing cybercrimes and Ponzi schemes defrauding crores across India.
Timeline
3 Events
Supreme Court Issues Directions on Digital Arrest Cases
December 2, 2025
Court elaborates directions: CBI to probe bankers under Prevention of Corruption Act for mule accounts, impleads RBI on AI tools for fraud detection, instructs IT providers to cooperate fully.
Supreme Court Directs CBI Probe into Digital Arrest Scams
December 1, 2025
Supreme Court orders pan-India CBI investigation into digital arrest scams defrauding crores, directs states including Tamil Nadu to grant consent, RBI to assist, and social media to cooperate; plans next probes into investment and job scams.
CBI Busts Multi-State Cyber Fraud Racket Involving Ponzi Schemes
October 2025
CBI busts racket running Ponzi schemes, fake investments, and multi-level marketing frauds across states including Tamil Nadu, arresting suspects and uncovering Rs 1,000 crore routed through 111 shell companies linked to Chinese handlers since 2020.