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

Rahul Gandhi: 'Congress ignored Dalits and backward classes in the 90s', Rahul said- the party lost their trust

Congress leader Rahul Gandhi said that in the 1990s, the Congress ignored the interests of Dalits

Covid-19 Life Insurance: This life insurance is available for only 330 rupees in premium, you can also take advantage of it

The corona epidemic has increased the importance of life insurance many times. Those who earlier

Dharmendra Death: CM Yogi expressed grief over Dharmendra's death, saying it was an irreparable loss to the art and film world.

Veteran Hindi cinema actor Dharmendra has passed away at the age of 89. Filmmaker Karan Johar sha

JEE Main 2021 date: When and how often will the NTA JEE Main exam, when will be able to apply, today Education Minister Nishank will announce the schedule

JEE Mains 2021 Date: Union Education Minister Ramesh Pokhriyal Nishank will announce the schedule

Ind vs Ban: Indian fast bowlers compared this Pakistani cricketer, Wasim-Sakhtar, and Waqar's trio

The first match of the two-match Test series between India and Bangladesh played a cow at the Che

Kerala CPI-M law-maker sent to 14 days judicial custody

Kannur (Kerala) Feb 27 (IANS) A court here Friday sent Communist Party of India-Marxist legisla

The case of Corona's origin again caught hold: US intelligence report claims - the virus is most likely to spread from Wuhan lab itself

The US has quoted the intelligence report as saying that the corona spread from China's Wuhan lab

Antilia case: Now NIA will investigate Mansukh Hiren case, dead body recovered from Gulf of Mumbra on March 5, Sachin suspects me

The National Investigation Agency (NIA) will also investigate the case of the death of Mansukh Hi

Joshimath: Demand to declare Joshimath landslide a national disaster, case to be listed in Supreme Court tomorrow

The petitioner has sought immediate intervention from the Supreme Court in the Joshimath landslid

Global companies involved in Pakistani propaganda: From KFC to Pizzahat, Pakistan supported Pakistan on Kashmir, the demand for boycott arose in India

The controversy that started with the social media post of South Korean company Hyundai on Kashmi