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

Buy new smartphone with 6GB RAM, price less than 15 thousand

Nowadays mobile companies are launching one to one great smartphone market. You will get these ph

Lok Sabha Elections: AAP gave a Lok Sabha ticket to SC for the general seat, Kejriwal said it was a good step.

AAP's Political Affairs Committee meeting was held on Tuesday at the residence of Chief Minister

'Direct Chief Minister' program started to listen to public complaints, CM Mamta will listen to people's complaints

Bengal Chief Minister Mamata Banerjee started a new program called 'Side Chief Minister' on Thurs

A bank run by beggars, for beggars in Bihar town

Gaya (Bihar), March 27 (IANS) A group of beggars in this

Salman Khan: Salman Khan shared a post at midnight, and this thing in the background created a stir on the internet

Fans of veteran actor Salman Khan are desperate to get a glimpse of him. Now the actor has create

IND vs AUS: Virat Kohli shared a shocking post as soon as he reached Australia, saying – when you are about to give up…

Indian cricket team star batsman Virat Kohli shared a surprising post on social media ahead of th

Anurag Thakur criticized New York Times, saying- Foreign media spreading propaganda against India and PM

Union Minister Anurag Thakur has criticized some foreign newspapers. He also commented on the Ame

PM Cares: More than half of the applications related to help for children orphaned due to coronavirus were rejected, the reason was not given.

Many children lost their parents during the coronavirus infection. To help such children, the gov

Corona Update: The graph of Corona is increasing in the country, 283 new cases came to the fore; Active cases rise to 2,525

The world has been grappling with the Covid-19 pandemic for almost the last three years. Which ha

Rajnath visits Myanmar border, reviews Manipur situation

Imphal/Agartala, Feb 13 (IANS) Union Home Minister Rajnat