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 […]
Bhubaneswar: Bail plea of BJD’s Choudwar-Cuttack MLA Prabhat Biswal, who was arrested by the Central Bureau of Investigation (CBI) in connection with the Seashore chit fund scam, was rejected by the Special CJM CBI court today. Biswal’s counsel Anup Senapati had sought bail in the court on health grounds. According to sources, CBI’s counsel argued […]
Bhubaneswar: BJD’s Choudwar-Cuttack MLA Prabhat Biswal, who was arrested by CBI in connection with the Seashore chit fund scam, was admitted to Capital Hospital on Friday night after preliminary medical examination by Jharpara jail doctor. Though Biswal was on a 4-day CBI remand which was to end today, he was produced before the CBI court […]
Bhubaneswar: BJD’s Choudwar-Cuttack MLA Prabhat Biswal, who was arrested by CBI in connection with the Seashore chit fund scam was sent to Jharpara jail today. Though the CBI court on Tuesday had sent Biswal on a 4-day remand for further interrogation in connection with the Seashore chit fund scam, he was produced before the court […]
Bolangir: Police today nabbed on the run chief of chit fund firm Bandhan Financial Services Devi Prasad Maharana from Cuttack. Maharana, a resident of Chhatia in Jajpur district, was brought to Bolangir and will be produced before court soon. “They had mentioned wrong mobile number and fake identity proof in all seized documents. Even the […]
Bhubaneswar: The Bhubaneswar Chief Judicial Magistrate (CJM) Court today sentenced Artha Tatwa Group chief Pradeep Sethy to seven years of imprisonment for his involvement in the multi-crore chit fund scam in the state. The court convicted Sethy in connection with a case registered at the Kharvel Nagar police station here. The court also awarded 7 […]
Bhubaneswar: The Justice MM Das Commission, probing the multi-crore chit fund scam in the state, has today submitted its third interim report to the government. In its report, the Commission has stated that a total of 41519 small depositors have been identified after a thorough probe into the complaints filed against 176 companies. Meanwhile, the […]
Bhubaneswar: A special CBI court in Bhubaneswar on Tuesday sentenced Durga Prasad Mishra, group chief of chit fund firm Micro Finance Ltd, to 3-year imprisonment after he pleaded guilty to defrauding investors of their money. The court has also directed Mishra to pay a compensation of Rs 215 crore failing which the properties of Micro […]
Bhubaneswar: Micro Finance chit fund company chief Durga Prasad Mishra was convicted in the CBI special court today. According to sources, the court has reserved its judgement and will pronounce the quantum of punishment on July 18. Durga had earlier pleaded guilty to his crimes before the Bhubaneswar special CJM in writing. CBI had arrested […]
Bhubaneswar: The CBI Joint Director AYV Krishna reached Bhubaneswar today to review investigation into various cases, including the chit fund scam and those being investigated by the probe agency. During his two-day visit to the capital city, Krishna will have discussion with the officials of the central investigating agency. Besides reviewing the progress of investigation […]
Bhubaneswar: More than 1,200 small depositors duped by chit fund companies in Odisha have been refunded their money, as per the report of Justice MM Das Commission of Enquiry, which is probing into the multi-crore chit fund scam. As per the third interim report of the panel released today, as many as 22 various chit […]
Bhubaneswar: A special CBI court here on Tuesday awarded five-year imprisonment to Waytel Chit Fund Managing Director Thakur Amardip Singh, who pleaded guilty to defrauding investors of their money. Besides, Singh has also been asked to deposit Rs 100 crore with the court’s registry. On April 24, Singh, who was arrested from Nagpur, had pleaded […]
Bhubaneswar: The Special CBI court here may frame charges against 21 accused in the Artha Tatwa chit fund scam, today. The accused include a few politicians, MLAs, businessmen and mass media owners. It may be mentioned that the CBI court had yesterday sentenced Artha Tatwa Group chief Pradeep Sethy to 7-year jail term in connection […]
Bhubaneswar: The Special CJM CBI court sentenced Artha Tatwa Group chief Pradeep Sethy to 7-year jail term in connection with the firm’s involvement in the multi-crore chit fund scam in Odisha. Artha Tatwa director Manoj Patnaik, has been awarded four years of imprisonment. While Sethy has been asked to pay a fine of Rs 30,000, […]
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