Odisha govt changes terms of reference of chitfund probe panel

Paving way for return of money to small investors from the corpus fund formed by it, the Odisha government has amended the terms of reference of the judicial commission probing the chit fund scam in the state.

Shah dismisses notion that BJP soft towards Naveen govt

Dismissing notions that he was soft towards BJD government in Odisha, BJP president Amit Shah on Wednesday said his party has stepped up its attack against Naveen Patnaik regime over chitfund and other scams and is confident of capturing power in the state after next polls.

Court sentences 2 chit fund heads to 4 years' RI in Odisha

Baripada (Odisha), Dec 1 (PTI) A local court in Odisha's Mayurbhanj district today sentenced the chief and deputy chief of a ponzy company to four years' imprisonment.

Mamata govt criticised for `mushroom growth` of chitfunds

Buddhadeb Bhattacharjee attacked Mamata-led government alleging the two-year rule of Trinamool Congress has been marked by `mushroom growth` of chit funds and prevalence of lawlessness, with economic development taking a backseat.

FIR filed against TMC MP, Sudipta Sen, 6 others

FIR was filed against Trinamool Congress Rajya Sabha MP Kunal Ghosh, Saradha Group chairman Sudipta Sen and 6 for non-payment of salaries to employees of TV channel run by the chit-fund company.

Saradha fiasco: Mamata forms SIT, probe commission

Speaking over collapse of chitfund company, Saradha Group, which hit depositors across West Bengal, CM Mamata Banerjee instituted high-level inquiry and deputed a special investigation team into it.