Tag: Chit Fund Scam

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, […]

Bhubaneswar: The Serious Fraud Investigation Office (SFIO) today grilled in Seashore chit fund scam accused in Jharpara Jail today. According to sources, a team of SFIO interrogated Seashore chief Prashant Das, his brother Pravat Das and middleman Subhankar Nayak. Also Read: SFIO to register fresh case against Artha Tatwa Recently, CBI special court in Bhubaneswar […]

Bhubaneswar: The Serious Fraud Investigation Office (SFIO) today grilled the accused in Artha Tatwa (AT) chit fund scam in Jharpara Jail today. According to sources, a 5-member team of the SFIO visited the Jharpara jail and is interrogating the accused. Also Read: ED attaches assets Rs 23 cr of Artha Tatwa group AT chief, Pradeep […]

Bhubaneswar: In-charge of Odisha BJP Arun Singh today targeted the Odisha government and sought reply on a host of issues which reflects the government’s callousness and incompetence. Ahead of the Panchayat Polls, Singh slammed the ruling BJD asking why the beneficiaries are deprived of the ration cards? Why farmers are not getting right price in […]

Aska: A three-member team of CBI officials today arrived in Aska in Ganjam district to probe into the chit fund scam. Reports said the officials of the central investigating agency led by SP, Rajiv Ranjan Singh and Additional SP, Rajiv Sinha, after their arrival in Aska town, went to Revenue Inspection bungalow where they verified […]

Balasore: A specially designated court today ordered confiscation of properties worth Rs 4 crore of scam-tainted Saradha Chit Fund. The properties to be confiscated include a land to the tune of 13.64 acre. “The ad interim order of the Odisha government’s Finance department to attach 13.64 acre land belonging to the company has been made […]

Bhubaneswar: Political bickering today gained momentum after the vigilance conducted a raid at a gas agency owned by the brother of Union Minister and Senior BJP leader Dharmendra Pradhan at Handidhua in Talcher. BJP general Secretary Prithviraj Harichandan demanded the vigilance should not take a wrong step while coming under any pressure. Harichandan alleged, “As […]

Bhubaneswar: A day after raids were conducted by the Central Bureau of Investigation (CBI) at 36 places across Odisha in connection with the chit-fund scam case, a meeting in between the central probe agency’s SP Rajeev Ranjan and Director General of Police (DGP) KB Singh at the camp office here has left many tongues wagging […]

Bhubaneswar: Balasore MP Rabindra Jena is likely to appear before Central Bureau of Investigation (CBI) today for his alleged links with multi-crore chit fund scam. The CBI had served notice to the BJD MP from Balasore on January 9 asking him to appear before it today. Earlier, Jena had also appeared before the central probe […]

Bhubaneswar: The Trinamool Congress (TMC) will stage a demonstration here today to protest demonetisation and arrest of party MPs Sudip Bandyopadhyay and Babul Supriyo in the Rose Valley chit fund scam. The party workers would stage demonstration followed by a protest meeting at Lower PMG here from 11 AM to 3 PM. TMC general secretary […]

Bhubaneswar: Arrested All India Trinamool Congress (TMC) MP Sudip Bandyopadhyay was taken on a 4-day remand by the CBI for the second time in connection with the Rose Valley Chit Fund scam while the party continued its attack on the Centre accusing it of political vendetta. The Central investigating agency produced Sudip in the CBI […]

Bhubaneswar: As part of its probe into multi-crore Seashore chit fund scam, Central Bureau of Investigation (CBI) on Monday served notice to Balasore MP Rabindra Jena asking him to appear before it on January 12. Earlier, Jena had also appeared before the central probe agency for his alleged nexus with the tainted ponzi firm. This […]

Bhubaneswar: Opposition BJP and Congress continued their attack on the ruling-BJD in Odisha over links with Rose Valley chit fund scam and Trinamool Congress (TMC). Alleging that BJD and TMC have struck an undeclared alliance, Odisha BJP vice president Sameer Mohanty today told media persons that the ruling-party in Odisha has agreed to provide its […]