Tag: Chit Fund Scam

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 […]

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 […]