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

The world raged at Russia's move: Putin's decision warned many countries including America, Britain, Biden ordered to stop business with Russia

Russian President Vladimir Putin has taken a big step amid the ongoing tensions over Russia's mil

Gorakhpur's locked village: Saw such an orgy of death in the second wave that people left the village in the wake of the third wave, there are locks in the houses

With the increase in the number of corona cases in the country, the fear of the third wave is inc

IPL 2020: Stoinis, Delhi's player who won, Punjab's player who lost the team

In the second match of IPL 2020, Delhi Capitals competed with Kings XI Punjab.

 

IMD issues red alert; over 70 trains arriving in Delhi are delayed by up to 15 hours due to dense fog; see the complete list.

Dense fog enveloped the national capital, Delhi, on Monday morning. The India Meteorological Depa

Bharat Jodo Yatra: 12th day begins from Alappuzha, Kerala, Rahul is seen in enthusiasm with the enthusiasm of the workers

Congress MP Rahul Gandhi along with party leaders and workers began his 'Bharat Jodi Yatra' on hi

'Will Rahul Gandhi play cricket now...?' Comment on Rohit Sharma's weight created a ruckus; BJP gave a befitting reply to Congress.

India's victory celebrations against New Zealand in the Champions Trophy are continuing. Meanwhil

Jagannath Puri: After 46 years, the Ratna Bhandar of Mahaprabhu Jagannath will open today, the treasure will be shifted in the auspicious time

It is said that there are many rare gems in the inner treasury of Jagannath Mahaprabhu present in

Bengal SSC Scam: Admit card and appointment letter received from Partha Chatterjee's house, ED's revelations will increase the minister's troubles

West Bengal SSC Scam: The problems of West Bengal Minister Partha Chatterjee are increasing. The

Salman Khan's craze is evident among children, as Bhaijaan is seen sweating it out, preparing for the Dabangg tour; watch the viral video.

Salman Khan has taken a break from hosting "Bigg Boss 19" and embarked on the Dabangg Tour. Rohit

Delhi-NCR Stray Dogs: 'I will look into it, ' said CJI Gavai on the petition related to stray dogs

An appeal was made in the Supreme Court for an early hearing on a petition regarding stray dogs.