Tag: Chit Fund Scam

Suspended BJD MLA Pravat Tripathy had taken Rs 42 lakh cash from Pradeep Sethy, chief of Artha Tatwa (AT) group, to patronize the illegal money circulation business of the ponzi firm, the Central Bureau of Investigation (CBI) said in its preliminary chargesheet

Bhubaneswar: In its bid to unearth the affairs of Seashore with the Health and Family Welfare department, CBI today questioned two if its section officers about the ponzi company managing a few primary health centres (PHCs) in the State. The duo appeared at the office of the Central probe agency this morning with all the […]

Kolkata: The Central Bureau of Investigation on Thursday arrested Suman Chattopadhyay, editor of a leading Bengali daily, in I-Core Group chit fund scam, an official said. Chattopadhyay had allegedly received money in his bank accounts from the chit fund firm, the agency’s spokesperson Abhishek Dayal said. Chattopadhyay, also a director in Disha Productions and Media […]

Agartala: The Central Bureau of Investigation (CBI) will interrogate two former Left Front ministers in Tripura in connection with a case of the Kolkata-based Rose Valley chit fund scam, an official said here on Tuesday. “The CBI has informed the Tripura Assembly Speaker about their intention to interrogate former Left Front ministers Badal Chowdhury and […]

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 […]

Bhubaneswar: The Odisha government has extended the tenure of the judicial commission probing into the multi-crore chit fund scam by next six months with effect from February 5. A notification in this regard was issued by the Home department here on Saturday. “Tenure of Hon’ble Justice (Retd.) M M Das Commission of Inquiry on unauthorised […]

Bhubaneswar: Odisha government has directed superintendents of police and collectors of the districts to keep strict vigil on the activities of ponzi firms. A toll-free number 1800-345-7154 has also been set up at the Reserve Bank of India, Bhubaneswar, where people can call to complaint over unauthorised collection of money across the state. “The SPs […]

Kolkata: The ED today attached assets worth Rs 293 crore in connection with the Rose Valley chit fund scam case in which thousands of people were allegedly cheated in West Bengal and Odisha, officials said. The central probe agency’s regional office here issued a provisional attachment order under sections of the Prevention of Money Laundering […]

Berhampur: A special court here, designated to hear cases related to chit fund scam, today ordered public auction of properties of a ponzi scheme firm. Special Judge P K Patnaik pronounced the order on a plea filed by additional district magistrate (ADM), Ganjam, Saroj Mishra seeking the court’s permission to sell the properties of Katloon Management […]

Bhubaneswar: While campaigning for their respective party candidates in the Panchayat polls in Odisha, Union Petroleum and Natural Gas minister Dharmendra Pradhan and Odisha’s Higher Education minister Pradeep Panigrahi today accused each other of fraud and corruption. Panigrahi accused Pradhan of having the record of being a “coal thief” before 2000, Pradhan raised question on […]

Bhubaneswar: Announcing its plan to continue with agitations till the ouster of Narendra Modi from the helm, the Trinamool Congress today said it foresaw Mamata Banerjee as a future prime minister. “This could happen one day. After all, we are a political party which is growing by the day. People may decide that (making Mamata […]

Bhubaneswar: Alleging political vendetta behind the arrest of TMC leaders, Trinamool Congress MP Sudip Bandopadhya’s wife Nayna today said her husband was in the “custody of Modi” and not in the “CBI’s custody.” Nayna, who has been camping here ever since her husband had been brought to the CBI custody for his alleged link to […]

Kolkata: With two of its MPs, Tapas Pal and Sudip Bandopadhyay, arrested by the CBI here in connection with the Rose Valley chit fund scam, shifted to Bhubaneswar, the Trinamool Congress has decided to hold a protest rally in the Odisha capital tomorrow. “We cannot be cowed down by threats and vendetta politics. The Centre […]

Kolkata: To show solidarity with party MP Sudip Bandyopadhyay, arrested by the CBI in connection with the Rose Valley chit fund scam, top TMC leaders like Partha Chatterjee and state President Subrata Bakshi will travel to Bhubaneswar this Sunday to meet the incarcerated leader. Bandyopadhyay was taken to Bhubaneswar soon after he was arrested by […]

Kolkata: The ED today attached assets to the tune of Rs 1,250 crore, including eight hotels and a Rolls Royce luxury car, in connection with its money laundering probe in the Rose Valley chit fund scam case where thousands of people were allegedly cheated in West Bengal and Odisha. Officials said the agency issued a […]