Tag: Chit Fund Scam

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SC to hear plea challenging Pravat Tripathi’s bail on March 4

Bhubaneswar: The Supreme Court (SC) will hear the plea demanding rejection of the bail granted to chit fund scam accused and senior BJD MLA Prabhat Tripathi on March 4. In December 2015, the Supreme Court (SC) on Thursday served a notice to suspended BJD MLA Pravat Tripathy on a special leave petition (SLP) filed by […]

  • Monday, 19 July 2021
SC
SC rejects Seashore director Prabhat Das’ bail plea

New Delhi/Bhubaneswar: The Supreme Court today rejected the bail petition of Seashore CMD Prashant Das’ brother Prabhat while directing the Central Bureau of Investigation (CBI) to complete the probe related to Prabhat by the end of May. Prabhat was the director of Seashore Securities Ltd, one of the sister concerns of Seashore Group of Companies, […]

  • Monday, 19 July 2021
gautam kundu
Rose Valley chief sent to another 4-day CBI remand

Chief of tainted chit-fund firm Rose Valley Group Gautam Kundu was sent to another four-day remand with the CBI by the Special Court here.

  • Monday, 19 July 2021
SITARAM YECHURY
CPM seeks BJD stand on CBI probe into chit fund scam

The CPM on Friday urged the ruling BJD government in Odisha to make its stand clear on whether the CBI has the soft corner for the state government in the chit fund scam investigation as per the directive of the Centre

  • Monday, 19 July 2021
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OPL-chit fund link: Ashirbad deposes before CBI

Bhubaneswar: Odisha Cricket Association (OCA) secretary Ashirbad Behera on Monday deposed before the officials of Central Bureau of Investigation (CBI) in connection with alleged links of chit fund companies with franchisees of Odisha Premier League (OPL). Behera’s deposition carries significance following the January 6 arrest of Ranjan Das, the chairman of tainted chit fund firm […]

  • Monday, 19 July 2021
CBI
Chit fund scam: CBI arrests 3 functionaries of Swastik India

Bhubaneswar: The Central Bureau of Investigation (CBI) on Wednesday arrested three executives of chit fund firm Swastik India Multi State Credit Cooperative in connection with the company’s alleged money laundering activities. Officials said, the arrested functionaries are –company’s chief Ranjan Das, Pramod Parida and Sabyasachi Pani. In July, 2015 the Special Investigation Team (SIT) of […]

  • Monday, 19 July 2021
CHIF FUND SCAM
Chit Fund scam: Ashirbad Multipurpose CEO held from Keonjhar

The Economic Offences Wing (EOW) of the Odisha Crime Branch on Sunday arrested Swetang Patnaik, chief executive officer (CEO) of Ashirbad Multipurpose Cooperative Ltd, from Keonjhar on charges of duping depositors of Rs 10 crore

  • Monday, 19 July 2021
Soumya ranjan
Chitgate: Investors demand tehsil-wise survey

The Arthika Sanstha Manakdwara Kshatigrastanka Milita Manch today demanded a tehsil-wise survey of chit fund investors who lost their hard-earned money in one of the biggest scam of the State

  • Friday, 16 July 2021
Top cop closely linked with AT chief: CBI

Bhubaneswar: The supplementary chargesheet filed by the Central Bureau of Investigation (CBI) in connection with the Artha Tatwa (AT) chit fund scam has revealed that former Crime Branch deputy superintendent of police (DSP) Pramod Panda, one of the main accused in the case, was quite close to AT group director Pradip Sethy. In its report, […]

  • Friday, 16 July 2021
Govt sets new 'terms' for chitgate panel

Bhubaneswar: Giving rise to the hope of thousands of poor people for getting back their hard-earned money invested in ponzi firms, the State government today issued new terms of reference (ToR) to the commission of inquiry probing the multi-crore chit fund scam in the State, to identify bona fide investors and suggest ways to return […]

  • Friday, 16 July 2021
Justice MM Das to head chit fund inquiry commission

Bhubaneswar: The Odisha government on Wednesday appointed Justice Madan Mohan Das to head the Commission of Inquiry probing multi-crore chit fund scam in Odisha. The post fell vacant after the death of Justice Radha Krushna Patra who was heading the one-man commission. Patra was undergoing treatment for pneumonia and breathed his last in Cuttack on […]

  • Friday, 16 July 2021
Chitgate: CBI raid on Saradha, Real Tulip

Puri/Bhubaneswar: The Crime Branch of Investigation (CBI) today conducted searches at several places in West Bengal and Odisha in connection with the chit fund scam. While the central agency raided Saradha group’s office located at Badasankha in Puri in connection with the group’s involvement in swindling money, Real Tulip India’s offices too were searched in […]

  • Friday, 16 July 2021
Justice Patra put on ventilator

Bhubaneswar/Cuttack: Justice RK Patra, who is heading the Commission of Inquiry probing the multi-core chit fund scam in the state, has been placed on ventilator support at the SCB medical college and hospital in Cuttack, following complains of chest pain. Medical sources said, the former chief justice of Sikkim High Court is diagnosed with pneumonia […]

  • Friday, 16 July 2021
Firms chosen for database preparation

The Odisha Computer Application Centre (OCAC) has selected Mumbai-based Stock Holding Corporation of India Project Limited and city-based Print Link Computer and Communication through tender process to prepare the database of the depositors of multi-crore chit fund scam in the State

  • Friday, 16 July 2021
SIT seeks State help for security of accused

The CBI’s Special Investigation Team (SIT), which is probing into multi-crore chit-fund scam in Odisha, has written a letter to the state’s Chief Secretary GC Pati seeking help regarding security of accused during remand, sources said

  • Friday, 16 July 2021
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