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

'CBSE exams canceled' Arvind Kejriwal appeals to the Center because of the growing Corona case

New Delhi. Seeing the increasing cases of Coronavirus infection in the capital, Delhi CM Arvind K

Coronavirus Outbreak: Narendra Modi pitches for new crisis management protocol at G-20 video conference on COVID-19

नई दिल्ली: विश्व में कोरोनोवायरस के प

Corona Vaccine Tracker: Oxford-AstraZeneca vaccine to be first available in India; Human trials of 29 vaccines are going on

Expectations regarding the vaccine have also increased amidst increasing cases of coronaviruses.

HC reserves order on CAG audit of discoms

New Delhi, March 4 (IANS) The Delhi High Court on Wednesday reserved its order on pleas filed b

'Discover North East Yatra' ends

Agartala, March 11 (IANS) The first ever nine-month-long cultural extravaganza, the "Discover N

Clarke wary of Formidable Indian Bowling Line-up

Sydney, March 25 (IANS) Australian skipper Michael Clarke on Wednesday said he is wary of the I

What is carbon dating? In the Gyanvapi case, the date has been received from the Varanasi court regarding this

A hearing is going on in the court regarding whether the fountain present in Gyanvapi Mosque in V

Sushant Singh Rajput case: Bihar government recommends CBI inquiry

Bihar government has recommended to hand over the investigation of actor Sushant Singh Rajput cas

How votes will be counted on EVM on March 10; Know why the counting of votes is done only on 14-14 tables?

Assembly elections in UP, Punjab, Uttarakhand, Goa, and Manipur have now been completed. Now ever

Kashmir Toolkit: Pakistan's nefarious toolkit came to the fore on the third anniversary of the abrogation of Article 370

The nefarious designs of Pakistan have come to the fore once again. Even after repeatedly talking

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