Tag: Chit Fund

The Justice MM Das Commission of Inquiry, which is probing the multi-crore chit fund scam in Odisha, has prepared a list of small investors who had invested their money in several chit fund companies

Bhubaneswar: The Central Bureau of Investigation (CBI) officials on Friday interrogated two BJD functionaries, including a ‘close associate’ of senior BJD leader and School and Mass Education minister Debi Prasad Mishra, for their alleged involvement in the multi thousand crore chit fund scam. Sources said Dillip Mishra, the man who looks after the minister’s political […]

Rourkela: The Economic Offences Wing (EOW) of the Odisha Crime Branch today arrested Sukanta Mohapatra, a director of Asirbad Multipurpose Cooperative Society, here last night. He has been forwarded to Cuttack to be presented at the OPID Court there, EOW sources. Mohapatra had been absconding since a case was registered against M/S Ashirbad Multipurpose and […]

Bhubaneswar: Artha Tatwa (AT) group chief Pradip Sethi, who is presently lodged in Jharpada circle jail, reportedly attempted suicide by slashing his wrist late on Saturday night. Reacting to the development, Jharpada jail superintendent said, “Nothing major has happened to Pradip. He is safe. His suicide bid was just to threaten the jail authorities.” “He […]

Bhubaneswar: The CBI today filed charge sheets against two chit fund companies in the Special CJM court here. The central investigating agency filed the charge sheet against Ramendu Chattopadhyay, managing director of Tower Infotech Ltd and Ashis Chatterjee, director of Tower Group companies and Tower Infotech Ltd under section 120 B, 420 and 409 of […]

Bhubaneswar: Intensifying its probe into the mega chit fund scam by the Artha Tatwa (AT) Group of companies, the CBI today seized a Toyota Innova SUV which the Orissa High Court lawyer Debasis Panda had received from AT Group chief Pradip Sethy. Sources said the CBI officials seized the SUV (OR-02-BT-0555) which was kept hidden […]

Bhubaneswar: The Indian Youth Congress on Monday suspended its Odisha unit head Rajat Choudhury after he was arrested by the Central Bureau of Investigation (CBI) for his alleged involvement in the Artha Tatwa (AT) chit fund scam. Odisha Pradesh Congress Committee (OPCC) chief Prasad Harichandan informed this to media in New Delhi this evening. The […]

Bhubaneswar: As part of its probe into the multi-crore chit fund scam in the state, the Central Bureau of Investigation (CBI) will interrogate Seashore Group CMD Prashant Kumar Dash and his brother Prabhat Dash in Jharpada jail here for the second consecutive day on Sunday. The Central investigation agency had grilled the duo at the […]

Bhubaneswar: There has been a mixed reaction to the airing of the exclusive footage on OTV today showing some top Ollywood stars openly promoting tainted chit fund company Oscar at an event in Surat in 2009. While some condemned the actors for promoting the tainted company, others defended them saying they were unaware of the […]

Bhubaneswar: While the State Crime Branch police has begun an investigation into the dubious activities of the Oscar Group of Companies, leading Odia channel OTV has come up with exclusive video coverage of a grand function organised by the company in Surat in October, 2009 in which well-known Ollywood actors and actresses are seen batting […]

Acting tough on chit-fund tainted film producers, the Utkal Cine Chamber of Commerce (UCCC) today decided to oust them from the producers' association if the allegation against them are proved in court

Bhubaneswar: Seized properties of the chit fund company – Astha Group of Companies – will be auctioned on Friday. According to sources, land belonging to the chit fund company located under Chattrapur and Chilika tehsils will be auctioned today. The base price for the land measuring 3 acres and 537 decimals of owned by the […]

Sambalpur/Bhubaneswar: Demanding early return of their hard-earned money, hundreds of investors duped by chit fund companies started a mass protest in Sambalpur on Tuesday.

Bhubaneswar: Impasse continued to prevail in the Odisha Assembly on Thursday over the chit fund issue as the Opposition and ruling members indulged in a relentless war of words forcing the Speaker to adjourn the House till 3 PM. As soon as the House session began, the Opposition Congress and BJP members rushed to the […]

Bhubaneswar: Armed with a directive from the designated court in Cuttack, the state government on Wednesday began the auctioning of part of the properties of chit fund firm Rose Valley. According to reports, the government is e-auctioning the seized properties of the of the Ponzi firm located at Bhubaneswar tehsil under Khurda district and Nialgiri […]