Tag: Chit Fund Scam

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 […]

Bhubaneswar: The Justice MM Das Commission of Inquiry set up to probe the multi-crore chit fund scam in Odisha submitted its fourth interim report to the government today. In its report, the Commission reportedly stated that a total of 55,563 small depositors have been identified after examining 1,38,388 affidavits from investors of as many as […]

Bhubaneswar: Dhenkanal police will again take the Seashore Group CMD Prashant Das on a two-day remand starting today, after his five-day remand ended. According to sources, police will interrogate Das for more information on his involvement in the multi-crore chit fund scam. Earlier, the Seashore chief was released from the Jharpara circle jail after getting […]

Bhubaneswar: A day after his release from jail, Seashore Group CMD Prashant Das was arrested again from his Jharpara residence here on Saturday in connection with three chit fund cases pending with the Dhenkanal police. Das was released from the Jharpara circle jail here on Friday after getting bail in eight cases. Speaking to the […]

Bhubaneswar: Seashore Group CMD Prashant Das, who was arrested in connection with the multi-crore chit fund scam in the state, was released from the Jharpara circle jail after getting bail in eight cases. Sources said Das, the main accused in the Seashore chit fund scam, was granted bail in cases registered against him by the […]

Bhubaneswar: DGP RP Sharma today clarified that the Chief Minister has not directed him to probe into chit fund accused Subhankar Nayak’s presence in the BCCI Box of Barabati Stadium during India-Sri Lanka T20 match on December 20. Sharma told mediapersons, “The chief minister has not given any directive to undertake a probe into the […]

Cuttack: Chit fund accused Subhankar Nayak was seen among top VIPs in the BCCI Box of Barabati Stadium during India-Sri Lanka T20 match on Wednesday. The BCCI Box is reserved for top class officers, ministers, sports persons and OCA members and only those with VVIP passes are allowed to sit here. Talks are doing round […]

Sambalpur: The Sambalpur Chief Judicial Magistrate (CJM) court today awarded a five-year jail term to Artha Tatwa (AT) Group chief Pradeep Sethi in connection with a fraud of Rs 5 lakh. The court pronounced the verdict while hearing a petition filed by one Raghumani Das of Burla. Earlier, in April 2017, the Special Chief Judicial […]

Bhubaneswar: BJD president and Chief Minister Naveen Patnaik today revoked suspension on Banki legislator Pravat Tripathy. After Tripathy was arrested by the Central Bureau of Investigation (CBI) in October 2014 for his alleged links with chit fund firm Artha Tatwa Group chief Pradeep Sethi, CM Patnaik had suspended the MLA from the party. Tripathy spent […]

Cuttack: The Orissa High Court today directed the Central Bureau of Investigation (CBI) to submit an up-to-date status report of a probe into alleged links between arrested BJD legislator Pravat Biswal and Seashore Group of Companies. While hearing on a bail plea moved by the Choudwar-Cuttack MLA, the court also asked the central investigating agency […]

Bhubaneswar: Taking a jibe at the Naveen Patnaik-led BJD government in Odisha over the chit fund scam, senior BJP leader and Union HRD Minister Prakash Javadekar said that the State government is embroiled in corruption and has encouraged ponzi firms in the state. Briefing mediapersons at the party state headquarters, Javadekar said around 50 MLAs […]