Tag: Chit Fund Scam

Odisha EOW Arrests 2 More Accused In Rs 10 Crore Ponzi Fraud
Odisha EOW Arrests 2 More Accused In Rs 10 Crore Ponzi Fraud

Sarat Kumar Nayak and Prabhat Ranjan Das associated with M/s Auroxa Deal Multitrade (OPC) Pvt. Ltd were arrested from their residences in Balasore district.

  • Thursday, 17 February 2022
Economic Offences Wing Of Odisha Crime Branch
Bounty On 3 Economic Offenders, EOW Issues Phone Numbers

Notifications putting reward on the heads of three wanted fugitives was issued by the Economic Offences Wing (EOW) of the Odisha Crime Branch on Monday

  • Monday, 29 November 2021
chit fund scame
Odisha EOW Arrests Ponzi Firm Director For Duping Crores From Investors

The movable and immovable assets created by the accused companies from out of the public deposits have been attached under section 3 of OPID Act, 2011. The investigation in the case is underway, added the EOW.

  • Thursday, 25 November 2021
Duped Chit Fund Investors Threaten Fresh Mass Agitation Across Odisha From Sept 29
Duped Chit Fund Investors Threaten Fresh Mass Agitation Across Odisha From Sept 29

Duped investors’ joint forum said the Gana Satyagraha (mass agitation) will continue throughout the State till the last duped investor is refunded.

  • Tuesday, 21 September 2021
Ex- Andhra MLA MV Prasad
Odisha Police Arrests Ex- Andhra MLA MV Prasad Over Chit Fund Case

Odisha police on Monday arrested former Visakhapatnam West Zone MLA and YSRCP leader Malla Vijaya Prasad over his alleged involvement in a multi-hundred crore chit fund case

  • Tuesday, 07 September 2021
Chit fund scam: Datum Company MD, director taken on another 5-day remand

Berhampur: The Berhampur Police has taken Braja Sundar Patnaik, the managing director of Datum Marketing and his wife Tridhara on a five-day remand. According to reports, Datum Marketing Company has allegedly duped nearly Rs 100 crore from depositors in Ganjam and neighbouring Andhra Pradesh through several lucrative schemes. Both Braja Sundar and his wife were […]

  • Friday, 30 July 2021
BJP sounds war cry against ruling-BJD

Bhubaneswar: Launching a scathing attack on the ruling-BJD, the BJP today said it has chalked out plans to reach out the people of the State and highlight corruption by the government. The saffron party passed as many as 15 political resolutions including 10 on corruption issues at its State Executive meeting today which includes a […]

  • Friday, 30 July 2021
Pradhan, Patro engage in war of words over LPG subsidy, chit fund scam

Berhampur: Taking a dig at Odisha Food Supplies Minister Surjya Narayan Patro, Union Minister Dharmendra Pradhan today alleged that Patro and his son were grilled by the CBI in connection with their involvement in chit fund scam. Pradhan’s statement came during a ‘Jan Paramarsh Yatra’ in Digapahandi area of Ganjam district. Further responding to the […]

  • Thursday, 29 July 2021
'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 […]

  • Wednesday, 28 July 2021
Chit Fund Scam: Odisha govt extends tenure of Justice M.M. Das Commission

Bhubaneswar: The Odisha government on Tuesday extended for six months the tenure of Justice M.M. Das Commission inquiring into the chit fund scam. The extended tenure will be from August 5, a notification issued by the state Home Department said. Since its inception in 2013, the Commission has submitted five interim reports to the government. […]

  • Monday, 26 July 2021
Chit fund scam ghost returns to haunt BJD

Bhubaneswar: A day after his son was reportedly quizzed by the Central Bureau of Investigation (CBI), senior BJD leader and Cooperation Minister Surya Narayan Patro today feigned ignorance about the matter although the development sent ripples within the ruling-party which has already seen arrests of several of its leaders in chit fund scam. “I have […]

  • Monday, 26 July 2021
Odisha minister’s son quizzed by CBI in chit fund scam

Bhubaneswar: Cooperation Minister Surya Narayan Patro’s son Biplab is under CBI scanner in connection with the chit fund scam. According to sources, the central investigating agency questioned Biplab in Bhubaneswar today. The CBI had summoned Biplab after getting vital leads on payments made towards purchase of computers from the bank accounts of Artha Tatwa (AT) […]

  • Monday, 26 July 2021
Chit fund scam: Money refunded to small investors in Balasore

Bhubaneswar: The State government has started refunding money to small depositors duped in the multi-crore chit fund scam in Odisha. According to sources, as many as 350 investors were refunded around Rs 21 lakh today. A total of 1,096 out of 2,306 small depositors in Balasore district have been identified for refund and will be […]

  • Monday, 26 July 2021
Odisha begins process to refund chit fund-hit depositors

Bhubaneswar: Odisha government has begun the process of refund to small depositors duped in the multi-crore chit-fund scam in state. The State government had set up a Rs 300-crore corpus fund in 2013 to refund affected-depositors. The Justice MM Das Commission has submitted four interim reports to the State goverment in which it has identified […]

  • Monday, 26 July 2021
Chit fund scam: HC grants bail to BJD MLA Pravat Biswal

Cuttack: In a big relief to arrested BJD MLA Pravat Biswal, the Orissa High Court today granted him interim bail in connection with his links in the Seashore chit fund scam case. The Court granted a two-month interim bail to the Cuttack Chowdwar legislator who was arrested by the Central Bureau of Investigation (CBI) on […]

  • Monday, 26 July 2021