chit fund scam

Bhubaneswar: The Odisha government will refund the money of chit fund depositors, said the BJP State President Manmohan Samal in a press conference held on Friday.According to reports, he said that the government had promised before the…

Bhubaneswar: Through the efforts by the Enforcement Directorate (ED), Bhubaneswar Zonal Office, the Special Court (PMLA), District and Sessions Court Complex at Khurda, has framed charges against individuals and entities involved in the…

Bhubaneswar: The Directorate of Enforcement (ED) has raided a chit fund company at 19 locations in Odisha, Punjab, Chandigarh and Delhi under the provisions of Prevention of Money Laundering Act (PMLA), 2002, said reliable reports in this…

Cuttack: The Odisha Protection of Interests of Depositors (OPID) court in Cuttack today ordered for confiscation of the moveable and immovable property of Artha Tatwa (AT) Group, a chit fund company.As per the order of the court, the…

Balasore: In country’s first conviction in digital chit fund scam, the OPID Court in Balasore convicted Prince Kumar, the Director of Digital Revolution Technologies Ltd and sentenced him to undergo a seven year Rigorous Imprisonment (RI).…

Cuttack: Good news for the people who had lost their money by investing in different chit-fund companies. They will now get their money back. More than 4 lakh people who had deposited their hard-earned money in two different chit-fund…

Balasore: The OPID Court in Balasore today sentenced two persons, who are involved in the Saradha chit fund scam case, to five years’ rigorous imprisonment and imposed a total fine of Rs 4.8 lakh (Rs 2.4 lakh each).The accused has been…

If you own a smartphone, you must be well aware of scam calls and messages that fraudsters often make to cheat people of their money. They bring weird schemes which sound too good to be true, yet some people fall into their trap. A Twitter…

Cuttack: Orissa High Court today rejected the bail petition of Debjani Mukherjee, the wife of chairman of Saradha Group of Companies Sudipta Sen and one of the accused in Saradha chit fund scam.Debjani, the wife of chairman of Saradha…

Bhubaneswar: The Odisha CID (crime wing) arrested former MLA from Andhra Pradesh Malla Vijay Prasad over his alleged involvement in 2019 chit fund scam on Monday evening in Visakhapatnam.According to the reports, Vijaya Prasad is the…