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

INDIA: Will the word 'INDIA' be removed from the Constitution? BJP MP said - the word India is an abuse given by the British

Once again a demand has been raised in the country to remove the word India from the Indian Const

'We will never let the country bow down...', India Champions star players said on boycotting the India vs Pakistan match.

The match between India and Pakistan in the semi-finals of the World Championship of Legends (WCL

Maharashtra Crisis: Will the Uddhav government have to prove the majority or not? Decision at five o'clock tonight

Maharashtra's political crisis is deepening. The Uddhav government seems to be badly trapped. Mea

Congress can deliver on promises: Maken

New Delhi, Feb 7 (IANS) Congress campaign chief for the Delhi assembly polls Ajay Maken Saturda

Stinging in the eyes, burning sensation in the chest also irritated the lungs; Delhi's bad air being taken to ICU

With the onset of winter in Delhi-NCR, the level of air pollution has also increased rapidly. The

Praveen Sood CBI: Praveen Sood appointed as the new director of CBI, has ties with Karnataka, and will have a tenure of two years

Praveen Sood has been appointed as the new director of CBI. Praveen Sood has been appointed for t

Toronto Plane Crash: 'We were hanging upside down like bats', people on board the plane narrated their ordeal

A Delta Airlines plane met with an accident at Toronto Airport in Canada. Now pictures and videos

Total crosses 10,000 worldwide, India cases now at 195

दुनिया भर में वायरस 234,000 से अधिक लोगों �

Where will Priyanka Gandhi sit in Lok Sabha, will her seat be next to Rahul, know here

Priyanka Gandhi, the newly elected Congress MP from Wayanad Lok Sabha constituency in Kerala, wil

Three Nation tour focused on Economy: PM

New Delhi, March 28 (IANS) Prime Minister Narendra Modi said on Saturday his visit to France, G