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.

0 Like 0 Dislike
Previous news Next news
Other news

More than 700 million doses of COVAXIN to be made in a year, Bharat Biotech announced

Bharat Biotech has today announced to increase the capacity to produce 70 million doses of COVAXI

Big relief to Nikita Jacob in toolkit case, Bombay High Court imposes arrest for 3 weeks

In the guise of the peasant movement, Nikita Jacob, an accused in the toolkit case of Propaganda

Baaghi 3 Review: Ayesha Shroff, mother of Tiger Shroff, watched rebel 3? First review of a film

Tiger Shroff's Rebel 3 has been released. The film is getting great response. Now Tiger's mother

Ten lesser known AAP winners

New Delhi, Feb 10 (IANS) Apart from prominent leaders of the Aam Aadmi Party which won the Delh

SC notice to government on IOA plea opposing National Sports Code

New Delhi, Feb 13 (IANS) The Supreme Court Friday issued notice to the central government on a

Cricket means India-Pakistan: Born in Zimbabwe's Sikandar Sialkot, Africa's Keshav writes on every victory - Jai Shri Ram

There can be any international cricket match in any corner of the world and any team in the world

Hijab Row: Hijab controversy will be heard again in Karnataka High Court today, know what happened in HC on Monday!

Hijab controversy to be heard again in Karnataka High Court today. Earlier, the High Court hearin

Amidst the political upheaval of Pakistan, everyone's eyes are on the Supreme Court, fingers are also rising toward the President

Political mercury has been on the rise in Pakistan for the last three days. Imran Khan and the en

Evlish Yadav: 'Bigg Boss OTT 2' winner Elvish Yadav broke his silence about his girlfriend, made a big disclosure on his love life

YouTuber Elvish Yadav is in the limelight after winning the trophy of 'Bigg Boss OTT 2'. Their de

Corona in the country: 2.64 lakh infected were found in a day, 1.09 lakh were cured; Schools in MP closed till 31 January

In the last 24 hours, 2 lakh 64 thousand 202 corona infections were found in the country. 1 lakh

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash