<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="font-size: 12.8px;">A bill proposing ban on unregulated deposits and up to 10-year jail term for perpetrators of ponzi schemes was introduced in the Lok Sabha today.  <br />''<br />''The 'Banning of Unregulated Deposit Schemes Bill, 2018, was introduced by Minister of State for Finance Pon Radhakrishnan. It provides for punishment for fraudulent default in repayment to depositors and attachment of assets of entities engaged in such activities. <br />''<br />''The Bill seeks to put in place a mechanism by which the depositors can be repaid without delay by attaching the assets of the defaulting establishments.</span></div>''<div class="yj6qo" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>