CBI takes newspaper owner, ponzi company chief on remand in Odisha

A local court on Saturday allowed CBI to take two persons, including the owner of an Odia daily, on remand for 14 days for their alleged involvement in the multi-crore rupee chitfund scam in Odisha.

Four officials of chit-fund company arrested in Odisha

Four senior officials of a chit fund company were arrested on Sunday from Jaleswar in Balasore district of Odisha for allegedly duping investors, police said.

Ponzi company chief sentenced to 7 years RI in Odisha

A court in Kandhamal district on Thursday sentenced the chief of a ponzi scheme company to seven years` rigorous imprisonment for duping depositors.

Ponzi company CMD again denied bail in Odisha

A district court on Monday rejected the bail petition of Seashore Group CMD Prashant Dash in the chitfund scam for the second time.