In March 2013, Central corporate affairs minister Sachin Pilot said in the Lok Sabhathe lower house of the Parliament of Indiathat his ministry has received complaints against West Bengal's Saradha Group and many other companies for their involvement in Ponzi or multi-layer-marketing schemes [REF].
On 7 May 2013, the Central Government set up an inter-ministerial group with members of the corporate affairs ministry, SEBI, Reserve Bank of India and officers from the Income Tax Department.