Odisha chit fund scam: Charge sheet against Micro Finance Ltd

Posted on 13th Feb 2015 11:54 am by mohit kumar

Bhubaneswar, Feb 12 (IANS) A Special Investigation Team of the CBI Thursday filed a preliminary charge sheet against chit fund company Micro Finance Ltd. in connection with the multi-crore-rupee chit fund scam in Odisha.

The preliminary charge sheet, which was filed in the special Central Bureau of Investigation (CBI) court here, said the company duped investors of at least Rs.400 crore by floating six companies in the state that includes Micro Leasing and Funding, Micro Hotels, Micro Constructions, Micro Hospitals and Micro Media.

The charge sheet named five people including former CMD of the company, Durga Prasad Mishra, his brother Upendra Mishra and son Kaliprasad Mishra, CBI sources said.

It also named two others people -- Ashok Patnaik and Baikunthanath Patnaik -- both directors of the company.

They were charged under various sections of the Indian Penal Code and the Prize Chit and Money Circulation (Banning) Act, 1978.

"This is the preliminary charge sheet and we will file the final charge sheet after completion of inquiry," a CBI official said.

Other news

Diwali Sale: Last day of Amazon Sale today, if you want to buy these expensive phones cheaply, then hurry up

Today is the last day of the Amazon Great Indian Sale of this festive season. That is, you have l

Copa del Rey: Real Madrid won the Copa del Rey title after nine years, defeating Osasuna; Rodrigo scored two goals

With the help of two goals from young forward Rodrigo, Real Madrid defeated Osasuna 2-1 in the fi

SM Krishna: PM Modi expressed grief over the death of SM Krishna, Jaishankar-Rahul and other leaders paid tribute in this way

The death of former Karnataka Chief Minister SM Krishna has caused a wave of mourning in the poli

Maharashtra government focusing on these three T's, will stop Corona's growing cases?

The Uddhav government has come up to halt the increasing pace of Corona cases in Maharashtra. The

Budget has good intentions, lacks roadmap: Manmohan Singh

New Delhi, Feb 28 (IANS) Former prime minister Manmohan Singh, an eminent economist, Saturday c

When China changed the names of areas of Arunachal, Assam CM got angry, and made this demand from the Central Government regarding Tibet

Assam Chief Minister Himanta Biswa Sarma on Tuesday urged the Indian government to adopt a "tit-f

Public celebration for Australian cricket team on Monday

Melbourne, March 29 (IANS) Cricket Australia (CA) will hold a public celebration for its World C

Hera Pheri 3: Will 'Babubhaiya' Paresh Rawal return in 'Hera Pheri 3'? The actor himself gave the answer.

The third part of Bollywood's iconic comedy film 'Hera Pheri' is in the headlines these days, but

Trump will not come on Twitter: Said- Musk is a good man, he will improve Twitter; But I'll be on my social media

Tesla CEO and world's richest businessman Elon Musk has bought Twitter. Due to the friendship of

PM Modi's road show before BJP meeting: National Working Committee meeting in Delhi, strategy for 9 state elections will be made

BJP's national executive meeting is being held in Delhi on 16 and 17 January. The meeting will be