The Maharashtra government will amend its rules to ensure maximum imprisonment and fines for those involved in crimes or Ponzi schemes that promise extremely high and unnatural returns on investments.

On Tuesday, Maharashtra Chief Minister Devendra Fadnavis assured members of the state legislative assembly that existing rules will be amended to curb the growing menace of financial frauds.

During the Question Hour session, BJP legislator Sudhir Mungantiwar pointed out that such frauds are increasing because the current penalty imposed on offenders is just one lakh rupees, and imprisonment is limited to six years. Suggesting that the government should introduce a "Dan Suraksha Bill" (Money Safety Bill) on the lines of the recently passed Jan Suraksha Bill (Public Safety Act), Mungantiwar demanded an increase in both imprisonment terms and fines. “The imprisonment should be increased to 20 years, instead of the existing 6-year provision in the law,” he said.