Tag: Chit Fund

AT chit fund scam: ED grills MLA Pravat Tripathy

Bhubaneswar: The Enforcement Directorate (ED) sleuths today grilled Banki MLA Pravat Tripathy for more than four hours in connection with the Artha Tatwa (AT) chit fund scam. According to sources, the legislator was questioned on the transactions made in his bank account with the tainted AT chit fund firm. The MLA said he presented the […]

  • Friday, 23 July 2021
Vow of silence breaks: Baripada family speaks up!

Baripada: The family of Bartana village under Rasagobindpur block in Mayurbhanj district has finally broken its silence revealing that it was not witchcraft that forced them to a self-inflicted silence. Revealing the reason behind the family’s vow of silence, the elder son of the family Pradeep Ram said the family lost its entire savings in […]

  • Thursday, 22 July 2021
Nabadiganta scam: HC breather for Subarna Naik

Cuttack: After two and half years in jail, former MLA Subarna Naik will finally walk free as High Court today granted him conditional bail in Nabadiganta chit fund scam. The court granted him bail against two sureties of Rs 2 lakh each. The court has also directed the accused to deposit a cash surety of […]

  • Thursday, 22 July 2021
Dubious poll funding: CM Naveen terms allegations malicious, hints at legal action

Bhubaneswar: Terming the allegations of discrepancies in poll funds as malicious and fabricated, Odisha Chief Minister Naveen Patnaik today said BJD will take legal action in the matter. After returning from his 5-day New Delhi tour to attend the 200th anniversary of Paika Rebellion on Sunday, Naveen admitted to conspiracies being hatched to malign the […]

  • Thursday, 22 July 2021
Seashore scam: SC grants bail to director Pravat Das

Bhubaneswar: The Supreme Court today granted bail to Pravat Das, director and brother of the Chief Managing Director (CMD) of the Seashore Group of companies in the multi-crore chit fund scam case. Hearing the bail plea of Das, the Supreme Court criticised the Central Bureau of Investigation (CBI) for its slow pace of probe into […]

  • Thursday, 22 July 2021
CB starts investigation into mining trader's chit fund links

Cuttack: Odisha Crime Branch (CB) has started an investigation on chit fund links of mining trader Pravanjan Mohanty. While CB is planning to take Mohanty on remand, he will be interrogated in both forgery and chit fund case informed Special DG of Crime Branch BK Sharma today. Mohanty, the managing director of JBS Mineral and […]

  • Thursday, 22 July 2021
sudip bandopadhyay
Sudip Bandyopadhyay discharged from hospital, flies back to home

Bhubaneswar: After remaining under judicial custody for over four months, Trinamool Congress MP Sudip Bandyopadhyay, who was granted conditional bail from Orissa High Court on Friday in connection with Rose valley chit fund scam, returned to his home today. The Parliamentarian, who was under treatment since January 20, flew back to his home town Kolkata […]

  • Thursday, 22 July 2021
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Ponzi scam: Court awards 3 yr jail term to Nabadiganta chief, 4 yr to Real Tulip chief

Bhubaneswar: The Special CBI Court on Friday awarded four year jail term for Real Tulip India Ltd (RTIL) including Managing Director Tirtha Haldar. Besides, the court also sentenced four other directors of the company– Dipankar Ghosh, Malay Halder, Prasenjit Sil and Malay Kumar Guha to undergo a three year jail term. In its verdict, the […]

  • Thursday, 22 July 2021
SHAHRUKH PRAYAG
Shah Rukh Khan in Prayag chit fund promotion, CBI to probe Odisha link

Bhubaneswar:  Bollywood’s chit fund link has now come to the fore with several actors found to have promoted Prayag group that duped hundreds of investors in West Bengal. From Shah Rukh Khan to Soha Ali Khan, several actors had promoted Prayag group’s ventures. According to reports, Shahrukh Khan had endorsed the Rs 1,000 crore film […]

  • Thursday, 22 July 2021
chit fund
More trouble for BJD MP Hansdah as Naba Diganta chief accepts charges

Bhubaneswar: Things seem to be getting worse for BJD’s Mayurbhanj MP Ramchandra Hansdah as Anjan Baliarsingh, the chief of scam-tainted Naba Diganta chit fund firm on Tuesday pleaded guilty to the charges of cheating investors in the State. Highly placed sources said, Baliarsingh, while appearing before the Special CBI court here admitted guilt to all […]

  • Thursday, 22 July 2021
chit fund
Over 1,200 investors refunded by Chit fund firms: Enquiry panel

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 […]

  • Thursday, 22 July 2021
astha
5-year prison term for Astha Group's MD, Director

Bhubaneswar: In a latest development, the special CBI CJM court here, pronouncing judgement on the multi crore Astha Chit Fund scam, sentenced company’s Managing Director Santosh Sapkale and Director CS Chouhan for five years of imprisonment along with a fine of Rs 15,000 each. The court has ordered three more months of imprisonment for the […]

  • Wednesday, 21 July 2021
Ranjan Das
Chit fund scam accused Ranjan Das attacked in Jharpada jail

Bhubaneswar: While the investigation into the multi-crore chit fund scam is still on, the chairman of multi-state credit cooperative society Swastik India Ranjan Das was allegedly attacked in Jharpada jail in the Capital city. In a letter to ADG (Prison), wife of Dash, Monalisha accused one Biranchi Nayak of Jatni of extorting inmates in the jail. […]

  • Wednesday, 21 July 2021
CBI
Can return of CBI’s Manish Sinha expedite chit fund probe in Odisha?

Bhubaneswar: After he was shunted out in May 2015 while conducting probe as CBI SP into multi core chit fund scam in Odisha, Manish Kumar Sinha has returned as the DIG of CBI’s Special Investigation Team (SIT) here. His return to the investigation team after a gap of almost two years may be a normal […]

  • Wednesday, 21 July 2021
Hi-Tech Medical College
Plea to confiscate landed properties of Hi-Tech Group

Cuttack: The Cuttack district administration has filed a petition in the Chit Fund Court for confiscation of landed properties of about Rs 4 crore of the Hi-Tech Group. In the petition, the Additional District Magistrate (ADM), Cuttack who is the Special Empowered Authority, has sought the permission of the Court to confiscate 55 acres of […]

  • Wednesday, 21 July 2021
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