CBI sleuths have raided the house of managing director of Microfinance Ltd, Durga Parasad Mishra, at Aryabhumi Housing Complex in Patia. The officials have also conducted raids at the offices of the company located in Saheed Nagar and Mancheswar Industrial Estate in Bhubaneswar.
In Berhampur, the head office of the company was also raided by the officials.
CBI sources said the officials raided the house of Ajay Swain, former personal assistant of commissioner-cum-secretary of Panchayati Raj department, the residence of Suratha Das, one of the directors of Microfinance Ltd, and the residence of retired Indian Administrative Officer Jugal Kishore Satpathy in Bhubaneswar.
Besides, the central investigating agency conducted raids at the residence of Ashok Patnaik, one of the directors of the company, in Cuttack and at the head office in Berhampur city. This is the second time that the CBI has carried out raids on places associated with Microfinance Ltd. (With inputs from IANS)