
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.
FTX, one of the world's largest crypto exchanges, applied for bankruptcy on Friday. People did no
The Boxing Day Test match played between India and South Africa (IND vs SA 1st Test) ended on the
Tawang Clash: Monks of Tawang Monastery supported India, and said- 'This is not 1962 but 2022'
Following the skirmish in Yangtse between Indian and Chinese troops on the Line of Actual Control
Doomed Pakistan will get help: IMF agreed to increase relief package, loan will be made 8 billion
There is a ray of hope for Pakistan, which has sunk into the quagmire of debt. The International
Senior Punjab Congress leader and MP Pratap Singh Bajwa has openly supported Navjot Singh Sidhu a
BSF jawan captured by Pak Rangers: Second incident in 7 days; Couldn't see zero line due to fog
A Border Security Force (BSF) jawan posted at the India-Pakistan International Border in Punjab a
They Call Him OG: From tears to fireworks outside the theater, fans celebrated seeing OG;
Power Star Pawan Kalyan's new film, "They Call Him OG," was released in theaters today. Fans were
On August 28, 9 months will be completed for the farmers' protest against the three central agric
Why are eight former Indian Navy personnel detained in Qatar's capital Doha? The family members s
These days, the controversy over the movie Phule is in the news. After watching the trailer, the