
Bhubaneswar, Jan 31 (IANS) The Special Investigation Team (SIT) of the CBI Saturday conducted simultaneous raids at 14 locations of chit fund firm Microfinance Ltd in Odisha.
The CBI sources said that the teams conducted raids at 14 places including Bhubaneswar, Cuttack and Berhamapur.
The company was operating its business and has offices in these cities.
"In Odisha chit fund scam, the CBI conducted searches at 14 places of Microfinance Ltd offices and residences of former MD Durga Prasad Mishra, director Ashok Patnaik and other directors of the company," said a spokesperson of CBI in New Delhi.
CBI sources said the officials raided the house of Ajay Swain, former personal assistant of commissioner-cum-secretary of Panchayati Raj department, the residence of Suratha Das, one of the directors of Microfinance Ltd, and the residence of retired Indian Administrative Officer Jugal Kishore Satpathy in Bhubaneswar.
Besides, the central investigating agency conducted raids at the residence of Ashok Patnaik, one of the directors of the company, in Cuttack and at the head office in Berhampur city.
This is the second time that the CBI has carried out raids on places associated with Microfinance Ltd.
Man held for killing live-in partner in Gurgaon
Gurgaon, Jan 29 (IANS) A 25-year-old man has been arrested here for allegedly killing his 24-ye
The Asia Cup 2025 will start on September 9, and the Indian team has not been announced yet. It i
India to become 'favoured' spot for investment: Piyush Goyal
New Delhi, Feb 16 (IANS) Union Minister Piyush Goyal Monday said the government was committed t
New Zealand, which is struggling with the problem of injured players, will take on Pakistan in it
In the district, a forest officer Shraddha Pandre has become a challenge for the sand mafia. Thos
In the last 24 hours, 9,972 new infections have been identified in the country. 17,116 patients r
The trailer of Ranbir Kapoor's film Shamshera has been released today. A few days before the film
In the ongoing meeting of the GST Council, the opposition-ruled states are adamant about changing
Rocking star Yash's film KGF Chapter 2 is being seen at the box office. The Hindi version of KGF
The second wave of Corona has dealt a big blow to the economy. The economy has been damaged due t