Tag: Chit Fund Scam

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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, […]

Bhubaneswar: Expediting investigation into the multi-crore chit fund scams in Odisha, officials of the Central Bureau of Investigation (CBI) today raided the residence of former minister and BJD leader Debi Mishra in Bhubaneswar in connection with the Seashore chit fund scam. Mishra said the sleuths had come for questioning and also sought documents in this […]

Cuttack: A special Odisha Protection of Interests of Depositors (OPID) court in Cuttack on Thursday awarded rigorous imprisonment of seven years and fine of Rs 5 Lakh each to seven people for defrauding depositors to the tune of Rs 8 crore by floating a ponzi firm. The court’s ruling came against two cases of fraudulence […]