Tag: Chit Fund Scam

Berhampur: Taking a dig at Odisha Food Supplies Minister Surjya Narayan Patro, Union Minister Dharmendra Pradhan today alleged that Patro and his son were grilled by the CBI in connection with their involvement in chit fund scam. Pradhan’s statement came during a ‘Jan Paramarsh Yatra’ in Digapahandi area of Ganjam district. Further responding to the […]

Koraput: Another instance of a chit fund company duping depositors of crores of rupees has come to fore in Jeypore town of Koraput district. According to reports, a company -Sunshine Infra Build Corporation Limited has allegedly duped to the tune of Rs 10 crores from hundreds of depositors in Koraput district through its various attractive […]

Bhubaneswar: The Odisha government on Tuesday extended for six months the tenure of Justice M.M. Das Commission inquiring into the chit fund scam. The extended tenure will be from August 5, a notification issued by the state Home Department said. Since its inception in 2013, the Commission has submitted five interim reports to the government. […]

Bhubaneswar: A day after his son was reportedly quizzed by the Central Bureau of Investigation (CBI), senior BJD leader and Cooperation Minister Surya Narayan Patro today feigned ignorance about the matter although the development sent ripples within the ruling-party which has already seen arrests of several of its leaders in chit fund scam. “I have […]

Bhubaneswar: Cooperation Minister Surya Narayan Patro’s son Biplab is under CBI scanner in connection with the chit fund scam. According to sources, the central investigating agency questioned Biplab in Bhubaneswar today. The CBI had summoned Biplab after getting vital leads on payments made towards purchase of computers from the bank accounts of Artha Tatwa (AT) […]

Bhubaneswar: The State government has started refunding money to small depositors duped in the multi-crore chit fund scam in Odisha. According to sources, as many as 350 investors were refunded around Rs 21 lakh today. A total of 1,096 out of 2,306 small depositors in Balasore district have been identified for refund and will be […]

Bhubaneswar: Odisha government has begun the process of refund to small depositors duped in the multi-crore chit-fund scam in state. The State government had set up a Rs 300-crore corpus fund in 2013 to refund affected-depositors. The Justice MM Das Commission has submitted four interim reports to the State goverment in which it has identified […]

Cuttack: In a big relief to arrested BJD MLA Pravat Biswal, the Orissa High Court today granted him interim bail in connection with his links in the Seashore chit fund scam case. The Court granted a two-month interim bail to the Cuttack Chowdwar legislator who was arrested by the Central Bureau of Investigation (CBI) on […]

Bhubaneswar: The Supreme Court on Monday dismissed a plea challenging bail granted by Orissa High Court to chit fund scam accused and Seashore Group CMD, Prashant Das’s wife Jyotirani Sarangi. The Orissa High Court on November 10, 2016 had released Sarangi on conditional bail. She was asked to furnish a bail bond of Rs.50,000 with […]

Bhubaneswar: The Supreme Court (SC) on Monday directed suspended BJD MP Ramchandra Hansda to approach the Orissa High Court (HC) for bail in connection with his links with scam-tainted chit fund company Nabadiganta Capital Services. Moreover, the apex court has asked the HC to conduct a hearing on the bail plea within four weeks, sources […]

Bhubaneswar: The Central Bureau of Investigation (CBI) on Tuesday arrested the CMD and the General Manager of Nirmal Infra Ashish Chouhan and Abhisekh Chouhan respectively in connection with Rs 433 crore fraud. As per reports, the duo had been absconding since months. The CBI sleuths, acting on a tip-off, managed to arrest them after they […]

Bhubaneswar: The Central Bureau of Investigation (CBI) has slapped criminal conspiracy charges against Laxmibilasini Biswal and Pratima Hota, wives of BJD MLA Prabhat Biswal and retired OAS officer Pradeep Hota, respectively, in its supplementary charge-sheet filed in the connection with the multi-crore Seashore chit fund scam. In the charge-sheet, the investigating agency has indicted Prabhat […]

Bhubaneswar: Dealing a blow to BJD MLA Pravat Biswal, a special CBI judge court today rejected his bail petition in connection with his links in the Seashore chit fund scam case. After duly considering the CBI’s charge-sheet against Biswal and hearing both parties, the court rejected the bail petition of the legislator, informed sources. Biswal […]

Cuttack: The Orissa High Court today granted conditional bail to Trinamool Congress MP Tapas Pal who was arrested by the CBI on December 30, 2016 in connection with Rose Valley chit fund scam. The court granted bail to Pal against a deposit of Rs 1 crore along with two sureties of Rs 2 lakh each. […]

Bhubaneswar: The Dhenkanal district and sessions judge today granted bail to Seashore Group chief Prashant Das against Rs 2 lakh bail bond and two sureties. A day after his release from the Jharpara circle jail here on January 5, Das was arrested again in connection with three chit fund-related cases pending with Dhenkanal police. He […]