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-US relationship remade and reinvigorated: Ambassador

New Delhi, March 14 (IANS) India and the US are witnessing a relationship that is being "remade

IPL auction final list: 590 players will be bidding, 370 Indians and 220 foreigners; Auction on February 12-13

This year's IPL mega auction will be held on February 12 and 13 in Bengaluru. On Tuesday, BCCI ha

Neha Singh Rathore's controversial statement on India's victory in the T20 World Cup, the Bhojpuri singer got angry at everyone from cricket lovers to players.

India has won the T20 World Cup after 17 years. From cricket lovers to the whole country, everyon

Covid-19: How is the situation in the country due to Corona now? Is the infection still increasing? Know everything in detail here.

Many countries of the world including India have seen a rapid increase in cases of infection due

VD Savarkar: Now in Kerala also controversy regarding Savarkar, organizations took out a protest march against the school

After Karnataka, Kerala has also seen a controversy regarding the support and opposition of freed

Shoaib Akhtar has already made this prediction regarding the India-Pakistan T20 World Cup match

Former Pakistan fast bowler Shoaib Akhtar has already predicted India vs Pakistan T20 World Cup m

Russia-Ukraine War: Russia will increase its military capacity in Ukraine, emphasis on increasing the number of armed forces

Russian President Vladimir Putin said on Wednesday that we would further develop our military cap

Russia-Ukraine war: Russia fired 14 missiles at Kyiv ahead of the G-7 summit, increasing Russian military presence in Belarus

The war between Russia and Ukraine has entered its fifth month. Russia is constantly attacking Uk

PMI Index: PMI was at the peak of eight months in July due to new orders, the effect of inflation reduced

The manufacturing sector activities in the country have seen a significant increase in July. The

Telangana: Demand to admit medical students returned from Ukraine in India, CM Rao wrote to PM Modi

The Chief Minister of Telangana has written a letter to Prime Minister Narendra Modi, worrying ab