Today, the Special Investigation Team (SIT) of CBI filed preliminary chargesheet against five persons in the Microfinance chit fund scam in Odisha. SIT filed chargesheet against five persons including Chairman cum Managing Director (CMD) of Micro Finance Limited (MFL) Durga Prasad Mishra, his brother Upendra Mishra, his son Kaliprasad Mishra and two directors of the MFL – Ashok Patnaik and Bakunthanath Patnaik. The duo directors were arrested by the CBI.
The chargesheet, running into about 100 pages, was filed by the investigating Officer M K Shah and Senior Counsel K C Mishra in the special CBI court in Bhubaneswar today. In the chargsheet, sections 120(b), 406, 409, 420, 471, of IPC and sections 4, 5, 6 of the Prize Chit and Money Circulation (Banning) Act, 1978 were slapped against the company. The CBI will file another supplement chargesheet in this case within 120 days of submitting of the preliminary chargesheet.
Micro Finance Limited had duped investors of at least Rs 400 crore by floating six companies in Odisha – MFL, Micro Media, Micro Hospitals, Micro Leasing and Funding, Micro Construction and Micro Hotels. For the third time the CBI has filed chargesheet in mega chit fund scam in Odisha. First was filed against Green Indian Pvt Ltd on Dec 2 and second was against Artha Tatwa Group on Dec 11.