How To Identify Chit Fund Scams

Rinky29 Aug, 2022Business

Chit funds scams are an efficient evil. They lure unsuspecting people who are the most vulnerable economic class. The abilities of such people to pursue legal remedies to recover their investments are restricted by (a) cost in terms of time and expenses (b) stronger bargaining power of chit fund organisers v/s individual claimants (c) the size of the recovery amount itself (d) lack of collective mass action legal remedies.