Tag: Chit Fund Fraud

The Supreme Court on Tuesday asked the Odisha govt and the CBI to submit a report on the steps taken to refund the chit fund money to the beneficiaries.

The bustling market area of Saheed Nagar in the smart city which houses the Zonal office of Sahara India looked tensed today as the protesters turned out in huge numbers and demanded to meet the officials of the company.

The chargesheet was filed before a special PMLA court in Ranchi which has taken cognizance of the matter.

The Uttar Pradesh based company was operating its Regional Offices at different places of the country, including the one in Odisha at Lochapada in Berhampur.

Senior EOW officials said that the firm, which claimed to be a stock market advisory company, actually was running Ponzi schemes under share market garb on various social media platforms.

The accused, identified as Babu Singh Kushwaha, has been arrested from Gwalior in Madhya Pradesh on February 13. He is being brought to Odisha on the basis on a transit remand.

Another chit fund company, Auroxa Deal Multitrade, has reportedly duped gullible investors of over Rs 30 Crore in Balasore, Bhadrak, Mayurbhanj and Keonjhar districts in Odisha

Koraput: Another instance of a chit fund company duping depositors of crores of rupees has come to fore in Jeypore town of Koraput district. According to reports, a company -Sunshine Infra Build Corporation Limited has allegedly duped to the tune of Rs 10 crores from hundreds of depositors in Koraput district through its various attractive […]

The probe agency today arrested two accused in the Green Ray International Ltd (GRIL) chit fund case in Balasore. The duo has been identified as Mir Jamir and Kalo. They are the two brothers of the company CMD Mir Sahiruddin alias Gora.

Kolkata: The Central Bureau of Investigation (CBI) is looking for Kolkata Police Commissioner Rajeev Kumar in connection with its probe into Saradha chit fund scam. A CBI source on Saturday told IANS that Kumar, a 1989 batch IPS officer, who is close to West Bengal Chief Minister Mamata Banerjee may be arrested in the case. […]

Kolkata: There was a high drama in front of Kolkata police commissioner Rajeev Kumar’s official residence on Loudon Street on Sunday as a group CBI officers approached the house, but they were stopped by city police personnel, who also forcibly took the federal probe agency officers to a police station. The Central Bureau of Investigation […]

Cuttack: Cracking whip on chit fund scamsters, the special Odisha Protection of Interests of Depositors (OPID) court in Cuttack on Friday directed to confiscate all movable and immovable properties belonging to the Seashore group. The court has ordered for confiscation of around 197 acres of land, 1.385Kgs of gold, 2 Quintals of silver and a […]