ponzi firm

Odisha Sun Times Bureau Bhubaneswar, May 31: The second attempt for e-auction of the assets of Ponzi firm Rose Valley Group has turned out to be a futile exercise as no bidder came forward to buy the assets. After the…

Odisha Sun Times Bureau Cuttack, May 4: Despite the hullabaloo of chit fund firms having duped gullible depositors of crores in Odisha and elsewhere and the arrests thereof, depositors lodging a complaint at Madhupatna police station…

Odisha Sun Times Bureau Cuttack, May 4: The Odisha government received a big jolt as no bidders turned up at the e-auction of some confiscated properties of Ponzi firm Rose Valley Corporation. “No bidders turned up at the…

Odisha Sun Times Bureau Bhubaneswar, Mar 20: Odisha police today arrested the managing director of Ponzi firm Safex Infra India Pvt Ltd from here. Saheed Nagar police arrested Firoz Khan for duping investors of over Rs 15 crore…

Odisha Sun Times Bureau Bhubaneswar, Jan 25: The Special Chief Judicial Magistrate (CJM) Court in the Odisha capital today allowed the CBI to take arrested Ponzi firm-Rose Valley Group chairman Gautam Kundu on a nine day remand.…

Odisha Sun Times Bureau Bhubaneswar, Jan 3: Economic Offences Wing (EOW) of Odisha Crime Branch today arrested a top official of a chit fund company for allegedly duping people of over Rs 10 crore promising them of high return on their…

Odisha Sun Times Bureau Cuttack, Dec 23: A special court here today directed the state government to auction the properties of GLP Developers Ltd, a chit fund firm, and distribute the sale proceeds equitably among investors, who were…

Odisha Sun Times Bureau Bhubaneswar, Nov 27: Economic Offences Wing (EOW) of the Odisha Crime Branch today arrested one more director of a Ponzi firm, Tresty Securities Limited, from here for allegedly duping investors of crores of…

Odisha Sun Times Bureau Bhubaneswar, Nov 17: Economic Offences Wing (EOW) of the Odisha Crime Branch today arrested a director of a ponzi firm, Tresty Securities Limited from Bhadrak for allegedly duping investors of crores of rupees,…

Odisha Sun Times Bureau Bhubaneswar, Nov 14: Economic Offences Wing (EOW) of the Odisha Crime Branch arrested a top official of a Ponzi firm from Nasik, Maharashtra for allegedly duping investors of crores of rupees, official sources…