State Govt takes possession of land belonging to Oscar chief
Bhubaneswar: The State Government on Friday took possession of the lands owned by the multi crore chit fund firm Oscar’s owner Prabhas Rout and General Manager Muna Patra.
The 23 acre land in Ganjam district was seized by the Government. Nearl,y 38 acres land in the name of Rout and Patra is present in the district.
Earlier on Monday, the Special Chit Fund Court in Cuttack had sent the main accused Rout and Director Prabhat Patnaik to judicial custody.
The court has further ordered Rout including all of his four arrested Directors to show up on June 28 before the court.
Notably, all of them have been arrested on charges of a massive Rs 230 crore fraud case through Oscar Chit Fund Company from 2007 which had established its business in Odisha, Gujarat, Maharastra.
