Tag: Chit Fund Scam

Bhubaneswar: While the State government has expressed its inability to liquidate the assets of 11 companies involved in chit fund scam citing that they have vanished from the State, an investigation conducted by Odisha Television has found that the offices of some of these chit fund companies are still functional in the capital city of […]

After Nagendra Pradhan, Bhartruhari Mahatab and Tathagata Satpathy, another BJD MP Baishnab Parida on Sunday came out openly against minister Sanjay Das Burma for his alleged links with the chit-fund companies

The State unit of BJP on Sunday demanded arrest of Cuttack Barabati MLA Debasis Samantray and Cuttack Choudwar MLA Prabhat Biswal alleging the involvement of the legislators in chit fund scam and tender fixing

Bhubaneswar: There seems to be no let up in l’ affaire Pajero involving Food Supplies and Consumer Welfare minister Sanjay Dasburma. The issue over Dasburma’s alleged links with Artha Tatwa chit fund firm is snowballing so fast that comment from any politician, be it from ruling party or the Opposition, is becoming the talk of […]

Odisha BJP vice president Sameer Mohanty on Saturday charged Food Supplies and Consumer Welfare minister Sanjay Dasburma with having links with chit fund company\ies and taking undue advantage of his power and authority to help his acquaintances acquire government land

As many as 22 organisations under the aegis of ‘Civil Society Sangh’ on Friday staged a demonstration in front of the CBI office here demanding speedy probe into the multi-crore chit-fund scam in the State

Bhubaneswar: Accusing his arch-rival, senior BJD leader and Food Supply minister Sanjay Dasburma of investing money earned from chit fund operators in his realtor company, senior Congress leader Lalatendu (Lulu) Mahapatra on Wednesday said if the former does not reveal the details of his chit fund transactions, he will reveal the modus operandi of the minister to the media very soon.

Bhubaneswar: Senior BJD leader Damodar Rout on Wednesday said the CBI, which is probing the multi-crore chit fund scam in Odisha, should not prolong its investigation indefinitely. The statement of Rout came in the wake of opposition political parties demanding a CBI probe into the link of senior BJD leader and Food Supply and Consumer […]

Bhubaneswar: After Congress, now the BJP in the State has got some of its leaders to raise their voice against the ‘go-slow’ attitude of the Central Bureau of Investigation (CBI) in the multi thousand crore chit fund scam probe. Joining the chorus of senior party leader Bijoy Mohapatra over the issue, former BJP president KV […]

Putting Minister Sanjay Das Burma into fresh trouble, State BJP unit on Sunday demanded questioning of him regarding his alleged links with arrested Bairiranjan Das, chief of SLB Media and Entertainment, a company which was involved in money circulation business

Cuttack: The Orissa High Court on Monday rejected the bail pleas of MP Ramchandra Hansda and media house owner Madhu Mohanty, who are currently in jail for their involvement in the multi-crore chit fund scam in the State. While hearing Hansda’s interim bail plea, the court maintained that health-related reasons furnished by the petitioner are […]

Bhubaneswar: The CBI special CJM court on Monday allowed the national investigating agency to take the arrested managing director (MD) of chit fund company Safex Infra India Feroz Khan on a five-day remand. According to sources, CBI had sought court’s permission to take Feroz on a seven-day remand. However, the court allowed the investigating agency […]

The Sahid Nagar police on Sunday arrested Feroz Khan, managing director of Safex Infra India, a chit fund company

Intensifying its probe into the multi-crore chit-fund scam in Odisha, the Central Bureau of Investigation (CBI) on Wednesday quizzed IG, Central range RP Koche about his alleged connections with the Seashore Group of Companies

Bhubaneswar: As per its decision to return the money to the small and genuine investors, who had invested their money in chit fund companies on a priority, the state government has decided to amend the Odisha Protection of Interests of the Depositors (OPID) Act, 2011, to make provisions for identification of genuine investors. A bill […]