Ponzi business is financial terrorism: Odisha High Court

By Express News Service


CUTTACK: Expressing serious concern over allurement of susceptible investors through attractive schemes and making windfall gains, the Odisha High Court has compared the ponzi business to no less than money laundering. “The offence of money laundering is nothing but an act of financial terrorism that poses a serious threat only to the financial system of the country but also to the integrity and sovereignty...