Tag: Chit Fund Scam

Chit fund scam: Large depositors grappling with uncertainty over refund

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 […]

  • Tuesday, 04 May 2021
Chit fund scam: Three officials of GAH Multitrade arrested

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 […]

  • Monday, 03 May 2021
Chit fund scam: Public notice served to 576 firms

Bhubaneswar: As many as 576 companies were issued public notice by the Justice MM Das Commission of Inquiry through newspapers for failing to depose before it in connection with the multi-crore chit fund scam. As per reports, the Commission has issued notices in two phases asking the companies to appear before it between April 15 […]

  • Monday, 03 May 2021
Elections 2019: Rahul Gandhi targets BJD over chit fund and mining scam

Bargarh: Ahead of the crucial 2019 elections, AICC president Rahul Gandhi today targeted BJD-led Odisha government over chit fund and mining scams. While addressing a public meeting at Bargarh, Gandhi assured of action against persons involved in both the mega scams in the State. “Due to chit fund scam, people of the State were duped […]

  • Monday, 03 May 2021
BJP roasts Naveen Patnaik over chit fund scam

Bhubaneswar: Senior BJP leader Pratap Sarangi accused Odisha Chief Minister and BJD president Naveen Patnaik of being hand in glove with chit fund scamsters in Odisha. Demanding the State government to publish a White Paper in connection with chit fund scam, Sarangi claimed that BJD is synonymous with Chit Fund scam and vice-versa. “Apart from […]

  • Sunday, 02 May 2021
Saradha scam: SC seeks credible evidence against Ex-Kolkata top cop

New Delhi: The Supreme Court on Tuesday directed the CBI to produce evidence to its satisfaction to revoke an earlier order barring custodial interrogation of former Kolkata Police Commissioner Rajeev Kumar in the Saradha scam. The court said the Central Bureau of Investigation (CBI) has to prove before the court that Kumar had a role […]

  • Saturday, 01 May 2021
CBI summons ex-Kolkata police chief on Monday

New Delhi/Kolkata: The CBI has summoned former Kolkata police commissioner Rajeev Kumar on Monday for questioning in connection with the Saradha ponzi scheme case, officials said. A team of the Central Bureau of Investigation (CBI) visited Kumar’s official residence in Kolkata on Sunday evening to serve the notice, officials said. The 1989-batch IPS officer has […]

  • Friday, 30 April 2021
CBI grills ex-Kolkata top cop for over 4 hours in Saradha case

Kolkata: Former Kolkata Police Commissioner Rajeev Kumar was on Friday grilled by the CBI for over four hours the multi-crore Saradha chit fund scam, a CBI official said. Kumar, who headed the Special Investigation Team (SIT) of the state police department that initially probed the scam, reached the Central agency’s Kolkata Office at the CGO […]

  • Friday, 30 April 2021
Does CM Naveen’s RS googly not smack of opportunism amid equidistant claims?

Bhubaneswar: Odisha Chief Minister and BJD president Naveen Patnaik’s announcement of party candidates for the upcoming Rajya Sabha by-elections and importantly, extending support to BJP’s RS candidate came as a big surprise for many. Many believe it is a calculated step to save his coterie group. It is alleged that many a leader of the […]

  • Thursday, 29 April 2021
Odisha chit fund probe panel submits fresh interim report

Cuttack: Justice M M Das Commission of Enquiry, probing the chit fund scam in Odisha for over four years now, on Friday submitted its seventh interim report to the State government. Justice Das told reporters here that the fresh interim report contains the enquiry conducted by the Commission from January 1, 2019 to May 31, […]

  • Wednesday, 28 April 2021
Odisha govt extends tenure of chit fund inquiry commission

Bhubaneswar: The Odisha government has extended the tenure of the Justice MM Das Commission inquiring into the chit fund scam for six months, said an official on Friday. The tenure of the Commission was scheduled to end on August 4, a notification of the Home Department said. “State Government extends the tenure of the Commission […]

  • Tuesday, 27 April 2021
Ponzi Scam Case: CBI Files Chargesheet Against OCA, its ex-honorary Secy

New Delhi: The CBI has charged the Odisha Cricket Association and its former honorary secretary Asirbad Behera in connection with a probe into ponzi scam involving the Artha Tatwa (AT) group, officials said on Thursday. The agency has filed its supplementary charge sheet before a special CBI court against three private persons including Behera, Kamalakanta […]

  • Monday, 26 April 2021
Chit funds still preying on investors in Odisha!

Bhubaneswar: Surprising, but true. Several chit fund companies are still operating in several parts of Odisha and duping gullible investors. Even the Odisha government has admitted that a chit fund, Sahara Credit Cooperative Society and two of its sister organisations, have duped scores of depositors in the State. The matter came to light after the […]

  • Sunday, 25 April 2021
Chit Fund Scam: Odisha Asks Probe Panel To Identify Small Depositors

Bhubaneswar: The Odisha government has issued a notification amending the terms of reference for the commission of inquiry entrusted with the task of identification of depositors affected by the chit fund scam in the state. The Home Department has issued a notice to the MM Das Commission of Inquiry asking it to ‘identify the bona […]

  • Thursday, 22 April 2021
No Extension To MM Das Commission Throws Fate Of Chit Fund Depositors Into Uncertainty

Bhubaneswar: Justice MM Das Commission entrusted with the task of identification of depositors affected by the chit fund scam in the state has stopped hearing on new affidavits from Tuesday. A notice informing the same has been seen displayed in the Commission’s office at Buxi Bazar, Police line in Cuttack. Set up on July 9, […]

  • Monday, 19 April 2021