Odisha chit fund scam: Actor Naseer Khan appears before CBI court

Sambad English Bureau Published On : Feb 14, 2019 at 4:08 PM Updated On : Feb 14, 2019 at 4:41 PM

Bhubaneswar: Bollywood actor Naseer Khan today appeared before the CBI court here in connection with a multi-crore chit fund scam.

The visually impaired actor and co-producer of the film ‘Shadow’ is accused of duping depositors invested in Fine India, a chit fund company in Balasore district.

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Earlier, Naseer was arrested by Odisha Crime Branch from Cuttack in 2009 for his alleged involvement in the ponzi scam. He was one of the directors of Fine India.

According to reports, Naseer had resigned from the chit fund firm as the director before the multi-crore scam unearthed in Odisha.

Sources said that Fine India had transferred chit fund money to Mumbai via a Kanpur-based firm. Later, the company closed its operation in Balasore. Naseer was associated with a firm that had allegedly used the funds in making of ‘Shadow’.