Tag: Chitfund Scam

Bhubaneswar: The Orissa High Court today rejected a bail plea moved by BJD Cuttack-Choudwar MLA Pravat Biswal who has been arrested by the Central Bureau of Investigation (CBI) for his alleged links with the Seashore scam. The court said after the CBI files a chargesheet in the case, the legislator can apply for bail in […]

Cuttack: The Orissa High Court today granted conditional bail to Seashore owner Prashant Das, who has been lodged in the Jharpara circle jail after his arrest by the CBI four years ago for alleged involvement in chitfund scam in the State. The court asked Prashant to submit his passport and take permission of the Investigating […]

Cuttack: The special chit-fund court in Cuttack today ordered the State government to auction Sedil Development India’s property after confiscation and distribute the sale proceeds among depositors equitably. While hearing a petition moved by the Additional District Magistrate (ADM), the special court asked the government to confiscate 2.56 acres land of Sedil Development India in […]

Cuttack: Trinamool Congress MP Sudip Bandopadhyay was today granted bail by the Orissa High Court in Rose Valley chit-fund scam case with the court asking him to surrender his passport and submit a Rs 25-lakh bank guarantee at the Special CBI court in Bhubaneswar. The High Court approved the conditional bail of Sudip after two […]

Bhubaneswar: The process of identification of actual investors duped in the chit-fund scam in the State will be over by the end of June, said Chief Secretary AP Padhi after a review meeting at the Secretariat here. Talking to newsmen, Padhi stated, “A three-member team has been formed at block-level to undertake field verification and […]

Bhubaneswar: A meeting of two senior officials of the Central Bureau of Investigation (CBI) including joint director AK Singh with DGP of Odisha KB Singh at his camp office in Bhubaneswar today has set rumour mills rolling. Sources said the CBI’s probe into the chitfund scam in Odisha might be discussed during the meeting. However, […]

Bhubaneswar: To elicit more information on the financial scams committed by Artha Tatwa Group (AT), the Serious Fraud Investigation Office (SFIO) officials started grilling the accused for the third day on Wednesday at the Jharpada circle jail in Bhubaneswar. A five-member team of SFIO had yesterday interrogated AT Group chief Pradeep Sethy, Manoj Patnaik, Jyotiprakash […]

Bhubaneswar: The Special CBI court today granted the Central Bureau of Investigation (CBI) to take Green Ray International director Mir Shahiruddin on a six-day remand for interrogation in connection with a ponzi scam in Odisha as well as outside the State. After Shahiruddin was produced before the special court in Bhubaneswar by the CBI, he […]

Bhubaneswar: Targeting the ruling party on alleged involvement of BJD MP from Balasore Rabindra Jena in Seashore chit-fund scam and the Rishi death issue and, members of the Youth Congress today gheraoed the office of the Central Bureau of Investigation (CBI) here, blocked roads and burnt effigies of the BJD leaders. The Youth Congress members […]

Bhubaneswar: Another round of multi-agency investigation in the Artha Tatwa (AT) chit fund scam is in the offing as the Special Vigilance Court here on Wednesday directed the Serious Fraud Investigation Office (SFIO) to probe the multi-thousand crore scam in the State. Official sources said the SFIO will begin investigation very soon. AT chief Pradeep […]

Bhubaneswar: A day after more-than-one-hour long questioning at the Central Bureau of Investigation (CBI) office here, Suryakhetra Foundation chief Bipin Bihari Mishra was quizzed again for two hours by the central probe agency officials on Saturday regarding Seashore Group’s links with bureaucrats and politicians. Mishra, the former president of Mumbai-based Pravasi Odia Organisation, told newsmen […]

Bhubaneswar: A day after meeting the Economic Offences Wing (EOW) of the Odisha Crime Branch, depositors and agents of Oscar chit fund firm belonging to Bharuch district in Gujarat on Monday called on Justice MM Das, who is probing the multi thousand crore chit fund scam in the State. Around twenty investors from Bharuch demanded […]

Leader of Opposition Narasingha Mishra on Saturday alleged that a letter written by the Prime Minister’s Office (PMO) seven months back asking the Chief Secretary of Odisha to take action on the alleged chit-fund and coal block scams in the State had been suppressed by the state government

Cuttack: The Cuttack city unit of BJP on Monday evening staged a demonstration on the busy streets of Badambadi here demanding the resignation of Food and Consumer Welfare minister from his post for his alleged involvement in multi-crore chit fund scam in the state. The agitating members of the saffron party also burnt the effigies […]

The Central Bureau of Investigation (CBI) filed a chargesheet against two officials of Real Foundation Company in a special court here on Monday