Odisha Chit Fund Scam: CBI Raids 14 Locations (Lead)

Posted on 14th Jan 2015 06:13 pm by mohit kumar

Bhubaneswar, Jan 13 (IANS) A Special Investigation Team (SIT) of the CBI Tuesday searched 14 places in Odisha in connection with the chit fund scam, officials said.

The searches were conducted in four districts -- Balasore, Ganjam, Sambalpur and in Bhubaneswar in Khurdha district -- in connection with Safex Infra India Private Ltd., said sources in the Central Bureau of Investigation.

The teams raided the head office and branch offices of the chit fund company.

"The residences of accused directors of the company -- Firoj Khan, Purna Chandra Biswal, Chinmaya Subudhi, Amanullah Khan, Santosh Nanda -- and other people were searched. Incriminating documents were found during the search," a CBI spokesperson later confirmed in New Delhi.

The Economic Offence Wing (EOW) of the Odisha Crime Branch, which was probing the chit fund scam, earlier arrested eight officers of Safex Infra and took control of 12 acres of land of the firm.

It also seized a bank account of Rs.5 lakh last year.

The SIT is probing the scam following a Supreme Court order.

Other news

Vice President Election 2025: NDA candidate CP Radhakrishnan filed nomination, PM Modi became the first proposer

NDA candidate for the post of Vice President, C.P. Radhakrishnan, has filed his nomination. Prime

Aircraft equipped with missile defense shield will be included in the fleet by September for PM Modi's visit

The planes carrying the President and Prime Minister of India will now be protected like the plan

Food crisis: Wheat scorched due to scorching heat, this time lowest production in 20 years

Amid skyrocketing inflation, the scorching heat has given a big blow to the wheat production fron

Amitabh Bachchan: Big B did this tweet regarding women's innerwear, and now users are furious at the megastar

Apart from films, Amitabh Bachchan, the megastar of the century, is also in the limelight for his

Budget Highlights - 14

* Law against Benami property in fight against black money* Quoting PAN essential in property t

Delhi Traffic Police told what is the true meaning of this photo of Dinesh Karthik and Rohit Sharma

The first match of the three-match T20 series was played between Team India and Australia in Moha

Bangladesh violence: Hatred is not decreasing in Bangladesh, now BNP leader burnt his wife's saree in protest against India

A controversial incident has come to light amid increasing cases of atrocities on minority Hindus

Adults are at risk of long covid: Research claims - problems like epilepsy, and brain fog can persist for at least 2 years

Even after recovery from corona, patients remain at risk of various mental disorders and diseases

Target Killings in Kashmir: Home Minister Amit Shah's meeting with NSA and Ra chief on Kashmir situation, brainstorming on security situations

Union Home Minister Amit Shah held a meeting with top officials just hours after the killing of a

ICSI CS Result 2023: Results of CS Professional exam declared, here is the link, these are the top 10 students

Big news for the candidates who appeared in the Company Secretary June 2023 examinations. CS Prof