NAGPUR: The counsel for alleged Ponzi scheme operator Prashant Wasankar has argued before the court that if he is released on bail, there are chances that investors may get back their dues. Wasankar's lawyer, Prakash Naidu said while arguing his bail petition the market value of assets seized by police stand at Rs50 crore. As against this, investors' clai...Read More

Bhagalpur: In the backdrop of innocent people allegedly being duped by some non-banking financial companies (NBFCs) and chit-fund companies, Bhagalpur administration has initiated an investigation into such companies running in the district including Naugachia police district.

The administrative action is aimed at preempting any trouble arising o...Read More

BHUBANESWAR: Seashore Group of Companies Chief Managing Director (CMD) Prashant Dash will be produced before Khurda District and Sessions Court here on Monday after his remand with the Enforcement Directorate (ED) ends.

Dash was on a 14-day remand during which the ED subjected him to intense interrogation on the money trail. The ED interrogated a...Read More

BHUBANESWAR: Ruling BJD president and Odisha Chief Minister Naveen Patnaik today said his party has not yet decided on joining the move to reunite the erstwhile 'Janata parivar', even as BJP leader Subramanian Swamy said BJP was the "real Janata Parivar".

"Our party has not taken any stand on that (joining Janata Parivar) i...Read More

Bhubaneswar: An Enforcement Directorate (ED) team on Friday, headed by deputy director Ashok Goutam, raided the premises of ‘Anil and Mihir and Associates’, a chartered firm located at Cuttack-Puri road in Bhubaneswar. Many incriminating documents, computer hard-disk were ceased during the raid, which continued for 5 hours. Two employees of the firm w...Read More

BHUBANESWAR: The Enforcement Directorate (ED), which chases the Seashore Group's money trail, on Sunday said it got some vital clues. They might blow the lid off the company's suspected investment in foreign countries and links with some politicians and bureaucrats.   "We are verifying the suspected diversion of Seashore money to abroad....Read More

Bhubaneswar, Nov 10 (IANS) A special CBI court in Odisha Monday allowed the CBI to take Prashant Dash, chairman and managing director (CMD) of Seashore Group, on a 14-day remand to probe the multi-thousand-crore-rupee chit fund scam in the state.

While the Central Bureau of Investigation (CBI) had sought a 15-day remand, the court allowed only 14...Read More

A government agency that tracks corporate frauds has called for a CBI probe against West Bengal sports minister Madan Mitra and Kolkata Police chief Surajit Kar Purkayastha, among others in the multi-crore Saradha scandal.

In its 516-page report, accessed by HT, the serious fraud investigation office (SFIO), has recommended that the CBI “take further action...Read More

Suspended Trinamool Congress MP Kunal Ghosh threatened suicide on Monday claiming that the investigation into the multi-crore Saradha scam is influenced. Ghosh has been named in the CBI chargesheet in the scam.

Claiming that the probe by the CBI was biased, Ghosh said, "Influential people whose names have come up are not being arrested. If they are not arres...Read More

Three arrested Odisha politicians – sitting BJD MP from Mayurbhanj Ramchandra Hansda, former BJD MLA from Keonjhar Subarna Nayak and former BJP MLA from Nuapada Hitesh Bagarti –have been produced before the Special Chief Judicial Magistrate’s Court here after being medically examined.

The term of their six day CBI remand ended today.
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