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Tag: Chit Fund Fraud

EOW Arrests Director Of Multi-State Chit Fund Company For Rs 500 Crore Fraud
EOW Arrests Director Of Multi-State Chit Fund Company For Rs 500 Crore Fraud

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.

EOW Arrests Directors Of Ponzi Firm For 'Duping' Investors Of Rs 10 Crore
EOW Arrests Directors Of Ponzi Firm For 'Duping' Investors Of Rs 10 Crore

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.

Chit Fund Firm Director Arrested From MP For Duping Rs 10 Cr From Investors In Odisha
Chit Fund Firm Director Arrested From MP For Duping Rs 10 Cr From Investors In Odisha

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.

Chit Fund Company Decamps
Another Chit Fund Company Decamps With Over Rs 30 Crore Investor Money From Odisha

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

Chit fund scam
Chit Fund Scam: CBI Arrests Brothers Of Green Ray CMD In Odisha

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.

Property Confiscation
Seashore Chit Fund Scam: OPID Court Directs Confiscation Of Property Worth Rs 650 Cr

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 […]

Rajeev-Kumar-Kolkata-Police
Scuffle between CBI and Kolkata policemen at commissioner's residence

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 […]

interest rate on GPF hiked
CBI looking for Kolkata Police Commissioner over Sarada chit fund case

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. […]

Jeypore-police-station123
'Chit fund' company dupes Rs 10 crore in Jeypore

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 […]

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