Chit Fund Scam

The Odisha unit of the Congress on Thursday said that the ruling Biju Janata Dal (BJD) supported the National Democratic Alliance (NDA) candidate for the Rajya Sabha Deputy Chairperson's post in fear of a CBI inquiry into the chit fund…

The Odisha Government has extended for six months the tenure of Justice M.M. Das Commission inquiring into the Chit Fund Scam, said an official on Tuesday. The extended tenure will be from August 5, a notification issued by the state…

A panel probing Odisha's chit fund scam has identified more than one lakh small depositors who lost their money to chit fund companies in the state. The Justice M.M. Das Commission of Inquiry submitted its fifth interim report to the…

ONI Bureau: In a big relief to BJD MLA Pravat Biswal, the Orissa High Court today granted him bail in connection with his links in the Seashore chit fund scam case. It is to be noted that Biswal was arrested by the Central Bureau of…

ONI Bureau: Former Minister & BJD's Observer Pramila Mallick, who had given the negative report on Jay Panda, leading to his suspension from the party, drew the ire of the MP over her open challenge to him. Responding to Pramila's…

ONI Bureau: In less than 24 hours after his release from Jharpada Jail, Seashore CMD Prashant Dash was arrested by the Dhenkanal police on the basis of another warrant in connection with 3 chit fund cases. Prashant Dash, who was picked…

ONI Bureau: After walking out of Jharpada Jail after a gap of 4 years, Seashore CMD Prashant Dash told the media that he would return the money to all depositors and file an application in the court soon in this regard. "Seashore Group…

ONI Bureau:  The Chairman and Managing Director (CMD) of Seashore, Prashant Dash granted bail in all 8 Chit Fund-related cases filed against him. Dash who was involved in multi-crore Chit Fund Scam, was released from the Jharpada circle…

ONI Bureau:  The Orissa High Court on Tuesday granted bail to the Chairman and Managing Director  of Seashore, Prashant Dash in three of the cases filed against him. Notably, Prashant Das has been lodged in the Jharpara circle jail after…

ONI Bureau:  The State Level Coordination Committee (SLCC) functioning under the chairmanship of Chief Secretary Aditya Padhi has intensified its awareness drive against the illegal money collection activities of the cheat fund companies.…