Tag: Chit Fund Scam

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Seashore appointed Pradeep Majhi’s brother as commission agent!

A day after money transfer from the bank account of Seashore to the account of Bhagaban Majhi, father of former MP and Congress leader Pradeep Majhi, came to the fore, a letter issued by Seashore Agricultural Promotion Company appointing Prasanna Majhi, younger brother of Pradeep, as its commission agent has created more ripples in political circles in the State

  • Tuesday, 20 July 2021
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Chit-fund scam: CBI files charge sheet against Sastra chief

The Central Bureau of Investigation (CBI) today submitted the charge sheet against the chief of Sastra Enterprises Pvt Ltd V. Sampath and the company on charges of fraud in a local court here

  • Tuesday, 20 July 2021
Prashant
CBI interrogates Seashore chief, brother in Jharpada jail

Bhubaneswar: Officials of Central Bureau of Investigation (CBI) on Saturday interrogated Seashore Group CMD Prashant Kumar Dash and his brother Prabhat Dash in Jharpada jail, in connection with the Group’s multi crore chit fund scam. Jail authorities said the investigating agency will also interrogate Subhankar Nayak, an alleged conduit between the Ponzi firm and political […]

  • Tuesday, 20 July 2021
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Papu's arrest bid to bury Oscar scam: Opp, civil society

Bhubaneswar: A day after Ollywood actor Tattwa Prakash Satpathy aka Papu Pom Pom was arrested on casting couch charge, members of civil society raised questions on the progress of the Rs 240 crore Oscar chit fund scam investigation in which a number of Ollywood actors, including Papu, are allegedly involved. “Why was the actor (Papu) […]

  • Tuesday, 20 July 2021
Vista Chit fund
Admn seeks confiscation of Vista properties

Cuttack: The Special Empowerment Officer and Additional District Magistrate (ADM), Cuttack today appealed to the Special Chit Fund Court seeking confiscation of properties of Vista Management Services Pvt Ltd, a chit fund company. Talking to media persons here, government prosecutor Nilambara Jena said the company has over 20 bank accounts with total cash deposit of […]

  • Tuesday, 20 July 2021
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Oscar chit fund chairman, director sent to jail

Cuttack: Chairman of Oscar Group of Companies Pravas Rout and director Prabhat Patnaik were sent to Choudwar Circle Jail today by the order of the Special Chit Fund Court. “The Economic Offences Wing (EOW) of the State Crime Branch produced Rout after the end of his second-phase remand. Patnaik, who was arrested from Langaleswar near […]

  • Tuesday, 20 July 2021
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Oscar scam: Crime Branch gets vital clues during remand of Pravas Rout

The Crime Branch has got some vital clues about the financial transactions of Oscar and links between the chit-fund company and the Ollywood film industry during the second stint of remand of its chief Pravas Rout, sources in the agency have said

  • Tuesday, 20 July 2021
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CBI not willing to expedite chit fund probe: BJP

The BJP today said the CBI is not willing to expedite chit fund probe in Odisha

  • Tuesday, 20 July 2021
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Court allows Crime Branch to take Oscar chief on fresh 5-day remand

The Special Designated Court today allowed the Crime Branch of Odisha Police to take Oscar chief Prabhas Rout on another five-day remand

  • Tuesday, 20 July 2021
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More assets of Oscar chit fund traced

Bhubaneswar: More and more properties of scam-tainted Oscar chit fund company are being traced out by the Crime Branch. After locating five properties in Gujarat, the Crime Branch sleuths have traced two properties of the company in Maharashtra. Moreover, in the course of investigation, a bank deposit worth Rs 1 crore has been traced. While […]

  • Tuesday, 20 July 2021
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Opp demands early refund of money to duped investors

Bhubaneswar: For the first time, Opposition political parties joined hands with the Arthika Sansthamananka Dwara Khyatigrasta Milita Manch, a body of investors duped by chit fund companies, today to urge the Odisha government to expedite the process to refund money to victims of the scam. Addressing a convention organised by the Manch here, the leaders […]

  • Monday, 19 July 2021
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Capital hospital turns family rendezvous for jailed chit fund accused!

Bhubaneswar: The Capital Hospital here has turned into a veritable place of rendezvous for the accused in the chit fund scam currently lodged in jail to spend time with their family members. Shockingly, all this is happening under the watchful eyes of the police. The whole arrangement seems so well organised – like their chit […]

  • Monday, 19 July 2021
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Justice Das row forces House adjournment till 3 pm

Uproarious scenes were witnessed in the State Assembly on Monday when Opposition members stormed into the well of the House demanding dismissal of Justice MM Das from the post of chairman of the Chit fund commission and resignation of Minister Sanjay Das Burma

  • Monday, 19 July 2021
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Cuttack Cong to protest Justice MM Das statement today

The Cuttack Nagar Congress is scheduled to stage a protest today against the statement of Justice MM Das, the head of the commission inquiring into the multi-crore chit-fund scam in the State at a BJD function yesterday

  • Monday, 19 July 2021
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Speaker rejects Cong demand for CM's statement on Dasburma issue

The Congress on Wednesday sought a clarification from chief minister Naveen Patnaik on the statements given by some senior ministers on morality in the context of minister Sanjay Dasburma's alleged links with a chit fund company

  • Monday, 19 July 2021
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