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Tag: Chit Fund Court

2 Get 5 Years Rigorous Imprisonment For Conning Army Personnel Of Rs 29 Crore
2 Get 5 Years Rigorous Imprisonment For Conning Army Personnel Of Rs 29 Crore

Two persons were awarded rigorous imprisonment for five years in connection with fraud to the tune of Rs 29 crore on false promise of land.

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Special court makes first conviction in Odisha chit fund scam

Cuttack: The special chit fund court set up to conduct hearing on the multi-crore ponzi scam in Odisha, made its first conviction today. The court convicted chit fund company Shirdi Sai Real Estate’s MD, Prakash Panda. Panda has been sentenced to a jail term of 5 years along with a fine of Rs 3 lakh. […]