Consumer Law News Ponzi company director awarded five years’ RI September 10, 2014 by Legal India Admin | Leave a Comment A local court in Odisha’s Mayurbhanj district today convicted three persons of a West Bengal-based ponzi company for cheating depositors of money. The court of the Chief Judicial Magistrate, Baripada, sentenced Debasis Mahanta, the director of Happy Life Reality India Limited, to five years’ rigorous imprisonment while two other agents were punished with 4 years’ […] Read more ยป Bhagabat Behera Debasis Mahanta Ponzi company director Prize Cheat and Money Circulation Ban Act 1978
