The Aam Aadmi Party government on Wednesday introduced new regulations to deal with the rising cases of financial fraud in Delhi. The purpose of these regulations is to protect citizens from fraudulent investment schemes.
Announcing the rules, Chief Minister Atishi said no leniency will be shown to scammers promising higher returns, an official statement said.
The Chief Minister said, “People have been misled through fake schemes promising high returns, causing them to suffer financial losses. These rules will help us closely monitor these schemes and hold fraudsters accountable.”
According to the statement, the new regulations empower the Delhi government to confiscate properties linked to fraud cases. This action will be taken in cases related to chit funds and investment schemes claiming fraudulently high returns.
