Tag: Chit Fund Scam

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]