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.
There is a hint of a big upset in Haryana. In the trends so far, the BJP is forming the governmen
The government has reduced the windfall tax on diesel and ATF (Air Turbine Fuel). According to a
A statement by Maharashtra Health Minister Rajesh Tope about the death of 13 people at a Covid ho
New Delhi: On the ninth day of the Kisan agitation at the mouth of Delhi, today the security at t
Delhi Liquor Case: CBI filed charge sheet in Delhi Excise Policy case, Manish Sisodia is not named
The CBI filed the charge sheet on Friday, November 25, 2022, in the Delhi liquor scam case. This
India helps clear blocked Kathmandu airport
Mumbai, March 5 (IANS) India on Thursday helped clear the runway at Kathmandu's Tribhuvan Inter
This time because of Corona, there may not be a simultaneous lockdown in the whole country, but g
The Maha Kumbh of Asia Cup is going to start on 27th August. Six teams will take part in this tou
Union Minister of State (Petroleum and Natural Gas) Rameshwar Teli has blamed the tax for the ris
Why are there layoffs in companies like FB, Apple, and Amazon, is the world in a recession?
Is there a recession in the world? Questions are being raised about how giant companies including
