Tag: Chit Fund

Bhubaneswar: Uproarious scenes were witnessed in the Odisha Assembly yet again on Wednesday with both Opposition and ruling party members shouting slogans in the House. As soon as the House assembled for the day’s business, Congress and BJP members stormed into the well of the House and shouted slogans while wearing black aprons. They were […]

Bhubaneswar: The Congress on Tuesday dropped a bombshell alleging that crores of rupees were transferred by some accused in the chit fund scam to the bank account of the BJD. Briefing media persons here, senior Congress leader and leader of the Opposition, Narasingh Mishra said he had asked the chief minister in the State Assembly […]

Bhubaneswar: Logjam continued in the Odisha Assembly on Tuesday as the Opposition created a ruckus in the house demanding the resignation of Chief Minister Naveen Patnaik, Food and Consumer Welfare Minister Sanjay Daburma and chit fund Commission head Justice MM Das. As soon as the proceedings of the day began, the Opposition Congress and BJP […]

Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch, Commissionerate Police and Mayurbhanj police have confiscated movable and immovable assets of 23 Ponzi firms in the state, Finance minister Pradip Amat revealed yesterday. Replying to a written question by senior BJD legislator Prafulla Samal in the Assembly, the Finance minister said the state government […]

Bhubaneswar: After several leaders of the Biju Janata Dal (BJD), including ministers, made statements in the media targeting Food Supplies and Consumer Welfare minister Sanjay Dasburma over his alleged nexus with chit fund firm Artha Tatwa embarrassing the party, an exasperated party supremo and Chief Minister Naveen Patnaik on Tuesday intervened in the matter and […]

Bhuabaneswar: Just as the war of words between Congress’ Lulu Mohapatra and BJD’s Sanjay Dasburma was starting to fade away from public consciousness, another standoff has kicked-off – this one between Cooperation minister Damodar Rout and Congress’ Bapi Sarkhel. Sarkhel has alleged that Rout and his family had received favors from scam-tainted chit fund company […]

Berhampur: Arrested ex-Congress MLA Ramesh Jena is sinking deeper into trouble with two new cases being filed against the former, Sanakhemundi MLA. A murder case and an attempt to murder case have been filed against the ex-legislator. The cases have been filed in BNpur and Town police stations, respectively. Southern Range IG Amitabh Thakur informed […]

Berhampur: Police investigations have revealed the chit fund links of arrested former Congress MLA of Sanakhemundi Ramesh Jena. According to Berhampur SP Sarthak Sarangi, Jena has links to the scam-tainted Green India Chit fund company. Moreover, a luxury vehicle belonging to Jena bearing Haryana state registration number has also been seized, informed the Berhampur SP. […]

Bhubaneswar: A week after the Central Bureau of Investigation (CBI) interrogated IPS officers- RP Koche and Sanjib Panda in connection with their alleged involvement in Seashore Group of Companies, its CMD Prashant Dash on Thursday said the company had no business links with any bureaucrats. Responding to media queries after a routine deposition before a […]

Bhubaneswar: With the approval of the State Cabinet in the amendment of some provisions of the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011, the Odisha government has decided to start the process of identifying the small investors, allegedly duped by different ponzi firms, in the next two weeks. Informing the media […]

Bhubaneswar: Even after four months, the Odisha government has not taken any concrete steps to identify the small and genuine investors and return their money which they had invested in the chit fund companies. For identification of the chit fund investors, the Finance Department had issued a guideline on October 16 last year in which […]

Bhubaneswar: Director of Astha Chit Fund company, Chandrasen Sivaji Chouhan, was taken on remand today by the Central Bureau of Investigation (CBI) till February 22. Chouhan was brought under tight security from Surat jail by the central investigation agency and was produced at a special CBI court here today, which granted the remand. Chouhan was […]

Berhampur: Investors in chit-fund schemes in four southern Odisha districts of Ganjam, Gajapati, Kandhamal and Koraput today staged a demonstration demanding early refund of their hard-earned money. Organised by Odisha Chit-fund Depositors Mahasangha, the depositors took out a rally after which a delegation submitted a memorandum addressed to Governor SC Jamir through the Revenue Divisional […]

The Economic Offences Wing (EOW) of Odisha Police’s Crime Branch (CB) today launched a toll-free number for people of the State to report duping cases

Work on preparation of database of chit fund depositors will be started within a week’s time, said R.N. Palai, executive director of Odisha Computer Application Center (OCAC), here today