Court orders auction of properties of ponzi firm

Berhampur: A special court here, designated to hear cases related to chit fund scam, today ordered public auction of properties of a ponzi scheme firm. Special Judge P K Patnaik pronounced the order on a plea filed by additional district magistrate (ADM), Ganjam, Saroj Mishra seeking the court’s permission to sell the properties of Katloon Management […]

special court

Berhampur: A special court here, designated to hear cases related to chit fund scam, today ordered public auction of properties of a ponzi scheme firm.

Special Judge P K Patnaik pronounced the order on a plea filed by additional district magistrate (ADM), Ganjam, Saroj Mishra seeking the court's permission to sell the properties of Katloon Management and Financial Services Ltd to ensure refund of money to the duped investors.