Odisha Chit fund Scam

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…
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Bhubaneswar: The account holders of two chit fund companies, Golden Land Developers Limited (GLDL) and GELP Limited in Odisha, are set to get back their invested amount back soon. Golden Land Developers Limited (GLDL) and GELP Limited,…
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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…
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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…
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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…
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Bhubaneswar: The OPID Court in Cuttack has directed to confiscate properties of Odisha Home Private Limited chit fund company on Friday. Reportedly, the court has confiscated 18 acres of 30 decimal property. A bank deposit of Rs 8,87,000…
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Bhubaneswar: The Economic Offences Wing (EOW), Bhubaneswar has arrested director of Inter Occean Videsh Limiteda chit fund company, on charges of cheating the investors. The accused, identified as Dillip Kumar Jain of Bikaner, Rajasthan,…
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Cuttack: In a major setback for the Seashore Group of Companies, the Odisha Protection of Interests of Depositors (OPID) court here on Friday directed for the confiscation of the properties of the company for its involvement in a major chit…
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Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch has arrested a top executive of OSCAR Infra-development Ltd allegedly involved in multi-crore chit fund scam, sources said today. The arrested person has been…
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Cuttack: Justice M.M. Das Commission of Inquiry which is probing the multi-crore chit fund scam in Odisha submitted its sixth interim report to the state government today. Justice M.M. Das submitted the report to the secretary of the…
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