Tag: Chit Fund Scam

Cuttack: In what could bring a ray of hope in the lives of lakhs of depositors in the Rose Valley chit fund firm, the Special Chit Fund Court here has directed the Odisha government to refund the deposits of the small investors. As per reports, there are as many as 2,38,477 investors for whom the […]

Bhubaneswar: The Odisha government today extended the tenure of the Justice MM Das Commission of Inquiry, which is probing into the multi-crore chit fund scam in Odisha and has been entrusted with the responsibility of identifying duped investors who will be refunded by the State government. The State government extended by the tenure of the […]

Bhubaneswar: Union Minister Dharmendra Pradhan on Sunday trained his guns at Odisha Chief Minister Naveen Patnaik alleging that the ruling BJD is deliberately delaying the process to refund the hard earned money of innocent people duped in the chit fund scam. Expressing concerns over the inordinate delay in refund of money, Pradhan said that the […]

Bhubaneswar: Hours after BJP legislature party leader KV Singh Deo stirred hornet’s nest by claiming that Odisha Chief Minister was quizzed by the Central Bureau of Investigation (CBI) in connection with the multi-crore chit fund scam, Naveen retorted to such allegations as ‘absolute nonsense’. Citing media reports that Naveen was also grilled by the CBI […]

Bhubaneswar: Hours after BJP legislature party leader KV Singh Deo stirred hornet’s nest by claiming that Odisha Chief Minister was quizzed by the Central Bureau of Investigation (CBI) in connection with the multi-crore chit fund scam, Naveen retorted to such allegations as ‘absolute nonsense’. Citing media reports that Naveen was also grilled by the CBI […]

Purulia: Taking on Mamata Banerjee on her home turf, Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday accused her of trying to protect a “corrupt” officer and said there could be nothing more “shameful and unconstitutional” than a chief minister staging a sit-in to prevent “secrets related to corruption” from spilling out. The BJP leader, […]

Bhawanipatna/Rourkela: All India Congress Committee (AICC) president Rahul Gandhi today reiterated that Odisha Chief Minister Naveen Patnaik is remote-controlled by Prime Minister Narendra Modi and the time has come to oust both and bring Congress to power. The AICC chief alleged that CM Naveen is working as per PM’s instructions as the ruling-BJD leaders and […]

Shillong: Kolkata Police Commissioner Rajeev Kumar was on Saturday questioned for eight hours by the Central Bureau of Investigation (CBI) here in the chit fund scam, and has been asked to appear again on Sunday for further examination. Former Trinamool Congress MP Kunal Ghosh, who was arrested in November 2013 in connection with Saradha and […]

Bhubaneswar: The Justice MM Das Commission of Inquiry, which is probing the multi-crore chit fund scam in Odisha, today informed that it will take around 2-3 years to identify all the affected small investors. After submitting its sixth interim report to the state government, Justice MM Das, while addressing a press meet, informed that 50% […]

Bhubaneswar: Even after summons from the Central Bureau of Investigation (CBI) in connection with Seashore chit fund scam, BJD MLAs Arun Sahoo and Atanu Nayak didn’t appear before the agency. Odisha Police had also issued notices to BJP leaders Golak Mohapatra and Bhrugu Buxipatra soon after CBI summons to the BJD leader. While CBI’s move […]

Bhubaneswar: Thousands of depositors duped in the multi-crore chit fund scam in Odisha today sat on an indefinite dharna at the Lower PMG alleging sheer apathy of the State government towards their plight. The duped investors also alleged that the government had earlier promised to refund money within a specific period of time; however, identification […]

Bhubaneswar: Thousands of depositors duped in the multi-crore chit fund scam in Odisha today sat on an indefinite dharna at the Lower PMG alleging sheer apathy of the State government towards their plight. The duped investors also alleged that the government had earlier promised to refund money within a specific period of time; however, identification […]

Bhubaneswar: With the decision of the State government to come out with a white paper on the multi-crore chit fund scam in Odisha, the depositors duped in the scam have announced to put their ‘Satyagraha’ on hold till February 22. The decision to defer the protest came after the Milita Khyatigrasta Jamakari Mancha, an organization […]

Balasore: While the process of identifying duped small depositors of various chit funds is underway, resentment is brewing among the large depositors who are staring at uncertainty over receiving refund. Many investors of Barapada village under Remuna block of the district had deposited their money in Rose Valley chit fund. Though investors were hopeful that […]

Keonjhar: The district police has arrested three persons including managing director of GAH Multitrade Pvt Ltd on charges of defrauding investors in Odisha and outside the State. “Three persons have been arrested on Friday and a probe is currently underway,” said Suresh Chandra Patra, DSP (Crime), Keonjhar. As per reports, MD of GAH Multitrade, Subrat […]