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Tag: Chit Fund Scam

160260
CBI quizzes Das Burma’s brother-in-law for 4 hours

Satyapriya Jayasingh, brother-in-law of Food Supply and Consumer Affairs Minister Sanjay Das Burma, was today quizzed by the Central Bureau of Investigation (CBI) for four hours at the agency’s office here

160204
Das Burma’s brother-in-law appears before CBI

Bhubaneswar: Food Supply and Consumer Welfare minister Sanjay Das Burma’s brother-in-law Satyapriya Jayasingh appeared before the Central Bureau of Investigation (CBI) here today in connection with the Artha Tatwa (AT) group chit fund scam. Notably, the central investigating agency had served a notice to Jayasingh to appear before it on August 8 to record his […]

159857
Chit fund scam: CBI gets 3 Silicon directors on 2-day remand

Bhubaneswar: The special CBI court here today allowed the central investigating agency probing the multi thousand crore chit fund scam to take three directors of Silicon Project India Ltd on a two-day remand for interrogation. The CBI had arrested the three directors from Kolkata and brought them to Bhubaneswar yesterday. Preliminary investigation has revealed that […]

Chit fund arrest
Chit fund scam: CBI arrests 3 from Kolkata

Bhubaneswar: In fresh development in the ongoing probe into the multi-crore chit fund scam in Odisha, the Central Bureau of Investigation (CBI) has arrested three officials of Silicon Project India Ltd from Kolkata. After arresting them, the CBI sleuths brought the trio to Bhubaneswar on transit remand and will produce them before the CBI Court […]

CBI-BBSR
Dasburma's brother-in-law to appear before CBI after Aug 10

Satyapriya Jayasingh, brother-in-law of senior BJD leader and Food Supply and Consumer Welfare minister Sanjay Das Burma failed to appear before the CBI today in connection with the Artha Tatwa (AT) group chit fund scam

159342
Oscar chit fund scam: Bharuch depositors seek expeditious probe

The Economic Offences Wing (EOW) of the Odisha Crime Branch today called the depositors and agents of Oscar chit fund firm belonging to Bharuch district in Gujarat to seek details about the modus operandi of the company

CBI
Former Midas Group MD, wife held in chit fund case

New Delhi: The CBI on Tuesday arrested the former managing director of Odisha-based Midas Touch Group of Companies and his wife in connection with its investigation into a multi-crore chit fund scam. Soubhagya Kumar Samal and his wife Nirupama Samal, former director of Midas Touch Group of Companies, were arrested from Gotri, Vadodara district in […]

Surat chit fund investors
Chit fund scam: Surat investors protest in front of Odisha Bhavan in Delhi

New Delhi: Investors from Surat in Gujarat, who have been a victim of fraud by Odisha-based chit fund companies like Oscar, Green India and Micro Finance, staged a demonstration in front of Odisha Bhavan in New Delhi, demanding return of their invested money. The agitating investors are demanding the central government to intervene in the […]

157173
CBI, ED may probe Seashore money transfer to Pradeep Majhi’s family

After the money transactions between Seashore Agricultural Promotion Company and Bhagaban Majhi, father of former MP and Congress leader Pradeep Majhi, as well as Prasanna Majhi, Pradeep’s younger brother, came to the fore, the Central Bureau of Investigation (CBI) probing the multi-crore chit fund scam in Odisha is likely to dig into the matter, sources said today

157041
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

156356
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

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 […]

153694
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) […]

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 […]

152186
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 […]

152072
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

151991
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

151403
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

151342
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 […]

141198
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 […]

140305
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 […]

139932
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

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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

139218
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

139086
Youth Cong president refutes resignation claim

Bhubaneswar: Odisha Youth Congress President Rajat Choudhary has refuted the claim made by senior Congress leader Lulu Mohapatra yesterday that he had resigned from his post. “I have not resigned and I don’t know what Lulu Mohapatra is saying. I am under a considerable amount of stress,” said Choudhary. Mohapatra, it may be noted, had […]

139045
From Assembly to streets: Congress turns heat on Dasburma

Bhubaneswar: After the Assembly was stalled by the Opposition over the ruling party’s alleged links with the chit fund scam, Congress turned the heat on the ruling party by taking to the streets, demanding resignation of Food Supplies minister Sanjay Dasburma for his alleged links with Artha Tatwa chit fund company. Hundreds of Congress party […]

139027
Youth Cong president resigns after CBI grilling

Bhubaneswar: Odisha Youth Congress president Rajat Choudhary resigned from his post after being repeatedly questioned by the Central Bureau of Investigation (CBI) in connection with the Artha Tatwa chit fund scam over the past couple of days. Senior Congress leader Lulu Mohapatra confirmed Rajat’s resignation saying “I received the resignation from Rajat who said that […]

138902
Youth Cong president quizzed by CBI; party sees red

Bhubaneswar: Odisha Youth Congress president Rajat Choudhary appeared before the Central Bureau of Investigation (CBI) today. According to sources, Rajat is suspected to have been summoned by the central investigation agency in connection with the Artha Tatwa chit fund scam. It is learnt that Rajat was questioned by the CBI for over three hours. Rajat’s […]

138712
Chit fund scam: Lulu fires another salvo at Dasburma

Waging his relentless attack on his arch-rival and BJD minister Sanjay Dasburma, senior Congress leader Lalatendu (Lulu) Bidyadhar Mohapatra on Sunday brought another charge against him to substantiate his close link with the Artha Tatwa (AT) Group, a chit fund company

138473
Chit fund companies still on the prowl in Bhubaneswar?

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 […]

BAISHNAB PARIDA
Chit fund link: Another BJD MP takes jibe at Das Burma

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

137593
Chit-fund, tender fixing link: BJP demands arrest of two BJD MLAs

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

137431
After Tathagat’s 'rat' dig, it's Pyari’s 'fish' jibe at Dasburma now

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 […]

137395
Dasburma misused power to give govt land to co: BJP

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

CIVIL SOCIETY GROUP
Chit-fund scam: Civil Society demands faster CBI probe

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

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Lulu dares Dasburma again; threatens to reveal more

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.

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CBI should not prolong chit fund probe: Dama

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 […]

136834
BJP split on course of CBI probe in chit fund scam

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 […]

136355
Links with SLB Media: BJP demands CBI grilling of Das Burma

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

Chit fund scam: Bail pleas of BJD MP, newspaper owner rejected

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 […]

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