CBI searches chit fund company in Odisha
CBI on Tuesday carried out search at 14 places in Odisha against Safex Group of Companies in connection with its probe in multi-crore chit fund scam.
New Delhi: CBI on Tuesday carried out search at 14 places in Odisha against Safex Group of Companies in connection with its probe in multi-crore chit fund scam.
The action of the agency comes close on the heels of questioning BJD Lok Sabha MP from Balasore Rabindra Kumar Jena in connection with Seashore group of companies--another chit fund company.
The sources said today the searches were conducted in the residential presmises of accused Directors of Safex Group Firoz Khan, Purna Chandra Biswal, S Chinmaya Subudhi, Amanull Ahmed Khan, Santosh K Nanda.
The sources said documents have been recovered in connection with the scam.
CBI has registered 44 FIRs in Odisha against as many chit- fund companies.
The Supreme Court has handed over the Saradha scam probe to CBI and asked various state governments to provide every logistical help to the agency in that regard.
CBI has formed a Special Investigating Team headed by Joint Director Rajiv Singh to also probe the role of the Securities and Exchange Board of India and RBI in the matter.