Chit Fund Scam

Senior BJD leader and Banki MLA Pravat Tripathy walked out of the Jharpada jail. He was granted bail by the Orissa High Court yesterday. Tripathy was arrested by the CBI on October 31 in connection with AT Group chit fund scam. He had to…

The CBI on Wednesday conducted raids at 43 locations of the Rose Valley Group across the country, including 27 in West Bengal, in connection with the multi-crore-rupee chit fund scam. "In an ongoing investigation, searches are being…

Several social organisations and civil society groups in Bhubaneswar, gathered outside the CBI office in the city today to protest against the tardy progress in the CBI probe into the multi-crore chit fund scam in the state. They demanded…

Celebrations erupted in Banki and other parts of Cuttack district as well as in BJD camp after Banki MLA Pravat Tripathy was granted bail from the Orissa High Court in connection with AT Group chit fund scam. He had been in jail since…

A special court in Odisha Wednesday ordered the state government to confiscate property worth Rs 63.64 crore owned by the Rose Valley ponzi firm in the state. The court in Cuttack passed the order to confiscate the property under the…

Trinamool Congress's Rajya Sabha member Srinjoy Bose quit as member of parliament as also from the party on Thursday, a day after getting bail in a case related to the Saradha chit fund scam. Politics is "not my cup of tea", he said. Bose,…

The Budget session of the Odisha assembly is likely to be stormy with the opposition parties planning to raise a host of issues, including the chit fund scam, to corner the BJD government on the floor of the house. However, the ruling party…

The CBI Wednesday searched the office of Saradha Company in Puri in connection with a chit fund scam in Odisha. The Central Bureau of Investigation (CBI) searched the office of the Kolkata-based company at Badashankha in Puri, said CBI…

Justice RK Patra or Radha Krushna Patra, who was probing into the multi-crore chit fund scam in Odisha, died at the age of 72. Justice Patra was suffering from pneumonia and being treated at the SCB Medical College and Hospital since…

The Central Bureau of Investigation (CBI) arrested Pravat Dash, Director of Seashore Securities Ltd in connection with multi-crore ponzi scam in Odisha. He is the brother of Prashant Dash, Chief Managing Director of Seashore Group of…