Chit fund

Cuttack: The Orissa High Court today directed Central Bureau of Investigation (CBI) to furnish an up-to-date status report on the progress of its probe into the alleged links of BJD MLA from Choudwar- Cuttack Pravat Kumar Biswal with chit…

Cuttack: Justice Madan Mohan (MM) Das Commission probing the multi-crore chit fund scam in Odisha identified 3,798 small depositors of Saradha Group. After verifying the affidavits in fourth phase, the Commission has issued a notice to…

Cuttack: Justice Madan Mohan (MM) Das Commission, which was formed to probe multi-crore chit fund scam in Odisha, issued notice to 15 more ponzi firms in the fourth phase of inquiry. The Commission will submit its next report to the…

Cuttack: The Orissa High Court Bar Association has taken a serious note of the incident pertaining to CBI officials entering into the official residence of a sitting High Court judge. The Association while demanding immediate suspension…

Bhubaneswar: Odisha’s ruling party BJD today dubbed arrest of its lawmaker Pravat Biswal by the CBI in connection with the Seashore Group chit fund scam case as politically motivated. The BJD while accusing the BJP government at the…

Bhubaneswar: The Central Bureau of Investigation (CBI) today claimed that arrested Odisha MLA had allegedly received huge amount in his wife’s account for the smooth functioning of a private Group of Companies for their activities in and…

Cuttack: The spectre of multi-thousand core chit fund scam is back to haunt Odisha's ruling Biju Janata Dal (BJD) as Central Bureau of Investigation (CBI) arrested one of its legislator in the wee hours today. The central investigating…

Bhubaneswar: Economic Offences Wing (EOW) of the Odisha Crime Branch police has arrested two directors of Ponzi firms Sagarika Realtors Projects India Ltd and Sagarika Mutual Benefits Funds Ltd. The investigating agency arrested two…

Bhubaneswar: The Economic Offence Wing (EOW) of Odisha Crime Branch today arrested Kamalakant Patnaik, founder member of chit fund firm Sai Pragati Group of Companies, from Bhubaneswar for allegedly duping investors of Rs 100 crores. A…

Bhubaneswar: A special CBI court on Thursday awarded three years of imprisonment to Asha Agro director Ranjit Santra for duping thousands of chit fund depositors in Odisha. Along with jail sentence, Santra was also slapped with fine…