Rural Invest & Trading (I) Pvt. Ltd. operated as a chit fund/Ponzi scheme that lured investors with promises of unsustainably high returns. The company illegally mobilized funds from the general public without authorization from regulatory bodies like the Reserve Bank of India (RBI) or the Securities and Exchange Board of India (SEBI). The scheme collapsed, leading to significant financial losses for thousands of small investors. It became the subject of a major investigation by India's Central Bureau of Investigation (CBI) as part of a broader crackdown on chit fund scams in the country, resulting in arrests and asset seizures.

Founded in

India