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Gullible depositors lose ‘Rs420m’ in Ponzi scheme

It is a form of savings.

So each member puts in say 1000 per month. Considering there are 10 members, you end up getting 120,000 during a month of the year.

Not sure why so many got scammed putting in an unknown committee.

There needs to be a Finance 101 lesson in schools. The whole country is putting their money on plots, plots and more plots, which essentially is a dead investment.
 
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