Tag: Chit Fund

Bhubaneswar: A team of Serious Fraud Investigation Office (SFIO) today again interrogated the chief and other office bearers of chit fund company Artha Tatwa (AT) group, which allegedly duped about Rs 400 crore from investors in Odisha, for third consecutive day over alleged violation of Company Act. The investigating team hinted at registering fresh case […]

Bhubaneswar: Central Bureau of Investigation (CBI) on Sunday brought Odisha-based tainted chit fund company Green Ray International Ltd (GRIL)’s Managing Director (MD) Mir Shahruddin, who was arrested in Kolkata, to Bhubaneswar on transit remand. According to sources, the central probe agency will take him on a remand after producing him before court today. The dubious […]

Bhubaneswar: The Justice MM Das Commission of Inquiry, probing the multi-crore chit fund scam in Odisha, submitted its second interim report to the State government on Friday. According to sources, secretary of the commission Debraj Rout submitted the second interim report to Home department Special Secretary Lalit Das at state secretariat here. Talking to newsmen […]

Bhubaneswar: Ahead of the February panchayat polls, the ruling Biju Janata Dal (BJD) and Opposition Bharatiya Janata Party (BJP) have indulged in mudslinging over the recent ‘expedited’ activities of Central Bureau of Investigation (CBI) and State Crime Branch in the State. While the regional party hinted at Union Minister Dharmendra Pradhan’s hand behind the Central […]

Bhubaneswar: The special CJM court (CBI) today rejected the bail application of Rose Valley chit fund scam accused and Trinamool Congress MP Sudip Bandopadhyay and remanded him to the judicial custody till January 25. The CBI had taken Bandopadhyaya on a four-day remand for interrogation in connection with the multi crore ponzi scam. Sources said […]

Bhubaneswar: The officials of Central Bureau of Investigation (CBI) on Thursday conducted raids at 25 places in Odisha including the residence of ruling BJD’s Balasore MP Rabindra Jena and Choudwar-Cuttack MLA Prabhat Biswal in connection with multi crore Seashore chit fund scam. CBI sources said, houses of several persons, including chief minister Naveen Patnaik’s office […]

Bhubaneswar: Intensifying its probe into multi-crore Seashore chit fund scam, the Central Bureau of Investigation (CBI) on Thursday conducted simultaneous raids at 25 places in and outside Odisha. According to reports, the central probe agency is also searching house of Balasore MP Rabindra Jena for his nexus with the ponzi firm. Also read: Seashore scam: […]

Bhubaneswar: The special CJM (CBI) court today rejected the bail petition of Rose Valley chit fund scam accused and TMC MP Tapas Pal again for the second time. The court had reserved the verdict of the bail hearing yesterday. Tapas, who is under judicial custody after being arrested by the CBI in the multi crore […]

Bhubaneswar: Special CJM court (CBI) here today rejected the bail plea of Trinamool Congress (TMC) MP Tapas Pal and sent him to 3-day CBI custody in connection with the multi-crore Rose Valley chit fund scam. The Central investigating agency, which arrested Pal yesterday for his alleged involvement in the tainted ponzi firm, brought to the […]

Cuttack: The special chit fund court set up to conduct hearing on the multi-crore ponzi scam in Odisha, made its first conviction today. The court convicted chit fund company Shirdi Sai Real Estate’s MD, Prakash Panda. Panda has been sentenced to a jail term of 5 years along with a fine of Rs 3 lakh. […]

Bhubaneswar: Almost three months after it came to fore that a huge amount of money was sent to the bank account of ex- MP Pradeep Majhi’s father Bhagwan Majhi, also a former parliamentarian, the ruling Biju Janata Dal (BJD) on Tuesday lodged a formal complaint before the Central Bureau of Investigation (CBI) alleging the involvement […]

Bhubaneswar: The CBI today filed the charge-sheet against former Youth Congress president of Odisha unit in special CJM court today in the multi-crore Artha Tatwa chit fund scam. The central investigating agency also named the former director of the AT group Md Haniff in the charge-sheet. This is the fourth charge-sheet filed by the probe […]

Balasore: In yet another case in the chit fund scam in the State, Balasore police on Wednesday arrested the CMD of the Raj Godson chit fund firm Jagdish Mishra for allegedly duping people of around Rs 15 crore. The police arrested Mishra after the affected investors detained him and later handed him over to the […]

Surat: Demanding CBI probe into the Oscar chit fund scam, the duped Odia investors today staged demonstration at Pandesara police station in Surat. Talking to OTV, president of Prabasi Odia Chit Fund Jamakari Mahasangh, Srikant Padhi, said the Mahasangh has submitted its application to Gujarat chief minister Vijay Rupani through the Pandesara police, Surat Collector […]

Bhubaneswar: The newly appointed Joint Director of CBI SIT of Odisha zone, Nabin Singh today held a review meeting on the status of the chit fund scam probe in the state. Sources said soon after his arrival at the CBI office here, Singh had a review meeting with the 16 investigating officers (IOs) probing the […]