CBI raids 6 Places over Chit Fund Scam in Odisha

Bhubaneswar/New Delhi, June 4 (IANS): The CBI, probing the multi-crore-rupee chit fund scam in Odisha, on Thursday raided six locations of Jana Mangala Agro Care in the state, an official said.

“In the Odisha chit fund scam, searches were conducted by the CBI today (Thursday) against Jana Mangala Agro Care. All locations are in Odisha — four places in Jajpur district and two places in Ganjam district,” a Central Bureau of Investigation (CBI) spokesperson said in New Delhi.

The official said the chit fund firm has allegedly duped investors of crores of rupees by flouting several schemes and promising high returns. The CBI is investigating 44 companies following a Supreme Court direction last year.