As it expedites probe in the Saradha chit fund scam, the government is gearing up to introduce the much-awaited amendments to the Chit Fund Act and a legislation on direct selling companies.   According to senior officials in the finance ministry, the bill on multi-level marketing (MLM) companies is “being fine-tuned and a Cabinet note on MLMs will be soon circulate...Read More

Bhubaneswar: Odisha Opposition leader Narasingha Mishra urges CBI to examine CM’s involvement in chit fund scam.    Stepping up the attack on Chief Minister Naveen Patnaik after the CBI quizzed his close aide and party office secretary Saroj Sahu in connection with chit fund scam, Leader of Opposition in the Assembly Narasingha Mishra on S...Read More

Bhubaneswar: BJD spokesperson Pratap Dev alleges politicisation of CBI inquiry into chit-fund scam.   Dev reacting to CBI quizzing of Chief Minster’s aide Saroj Sahu has said his party is considering to go to people against CBI’s political motive against Biju Janata Dal.   Mr Dev said after former BJD leader Pyari Mohan Mohap...Read More

Bhubaneswar: In a major development to the mega-chit fund scam issue, Choudwar MLA Prabhat Biswal appeared before the CBI on Friday for questioning over his alleged links with Seashore Group, a major player in the multi-crore chit fund scam. His wife and former chairperson of Cuttack Zilla Parishad Laxmibilasini Biswal also appeared before CBI for questioning. ...Read More

Bhubaneswar: Proceedings in the Odisha Assembly resumed after three days of ruckus over various issues. The first part of the third day remained paralysed following sloganeering from both Opposition and ruling party MLAs over different issues. While Opposition MLAs protested against the BJD government over the chit fund scam, the ruling party legislators demanded...Read More

Bhubaneswar: BJD’s authorised signatory Saroj Sahu appeared at the CBI office on Saturday afternoon for questioning by the central agency which is probing into the multi-crore chit fund scam in Odisha. Sahu entered the CBI office at around 2.30 pm and came out shortly before 4 pm. After coming out of the CBI office, he declined to say anything beyond claimi...Read More

Jamshedpur, Nov 20: Amway Opportunity Foundation (AOF), the Corporate Social Responsibility (CSR) arm of Amway India, celebrated the ‘Universal Children’s Day’ with the children of School Of Hope today in Jamshedpur.   To make the day special for them, Amway Opportunity Foundation conducted a health checkup camp reinforcing its comm...Read More

KOLKATA, NOV 20: The Central Bureau of Investigation on Thursday raided three offices of the Saradha group in connection with the multi-crore Saradha scam.   Raids and searches were carried out at the Saradha offices in different locations such as Salt Lake, Behala and Bishnupur.   On Friday, the CBI is expected to question the State Tra...Read More

CBI officials on Thursday conducted raids at various Saradha group's properties located in Kolkata.   The investigation is being carried out at Saradha Gardens in the Bishnupur area of South 24 Parganas district from where the company started its business some seven years ago as well as the Saradha property in the Behala area of Kolkata, CNN IBN reported today. ...Read More

Bhubaneswar: Odisha Finance Minister Pradip Kumar Amat today said the state is keeping aside Rs 300 crore towards a corpus fund for protecting interest of depositors in the supplementary budget for 2014-15.   "As announced by the government and after the approval of the AG, we have made provision of Rs 300 crore for the ...Read More