ponzi firm

Bhubaneswar: The Special Central Bureau of Investigation (CBI) Court here today convicted former CMD of chit fund firm Micro Finance Ltd (MFL) Durga Prasad Mishra. Earlier, Mishra had pleaded guilty before the Court in writing to the…

Odisha Sun Times Bureau New Delhi, March 24: The Enforcement Directorate (ED) has attached assets worth nearly Rs 30 lakh of a private company running Ponzi schemes in Odisha, an official said. The move was part of the ED's…

Odisha Sun Times Bureau Bhubaneswar, Feb 5: The Special CBI Court here today allowed the CBI to take Odisha-based Ponzi firm Green Ray International Ltd (GRIL)’s Managing Director Mir Shahiruddin on six-day remand. The Central…

Odisha Sun Times Bureau Cuttack, Nov 23: The designated court hearing cases on the chit fund scam in Odisha’s Cuttack today ordered for the confiscation of properties belonging to Ponzi firm Shiridi Sai Estates Pvt Ltd. The…

Odisha Sun Times Bureau Bhubaneswar, Sep 19: The Central Bureau of Investigation (CBI) investigating into the multi-thousand crore chit fund scam will bring two directors of a Ponzi firm on remand to Odisha for interrogation. The…

Odisha Sun Times Bureau Balasore, Aug 23: Police have today detained promoter of a Ponzi firm in Odisha’s district headquarters town of Balasore on charges of duping investors. Investors today handed over Jagdish Mishra, promoter…

Odisha Sun Times Bureau Bhubaneswar, Jul 20: The Central Bureau of Investigation (CBI) today filed its charge sheet against Chennai-based Ponzi firm Sastra Enterprises Pvt Ltd and its managing director V Sampath at a local court here in…

Odisha Sun Times Bureau Bhubaneswar, Jun 7: The Economic Offences Wing of the Odisha Crime Branch police today recommended the Finance department to confiscate properties of Ponzi firm Sree Bhumi Construction. The Ponzi firm has…

Odisha Sun Times Bureau Bhubaneswar, Jun 4: A special CBI court in Odisha capital today granted seven-day remand of two top officials of Ponzi firm Remac Realty India Limited for interrogation. The court allowed the CBI to take…

Odisha Sun Times Bureau Bhubaneswar, May 31: Twin City Commissionerate police today rescued a youth from the clutches of his abductors in Odisha’s Mayurbhanj district and arrested the persons involved including the prime accused in the…