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Chit-fund Scam: CBI conducts searches in Odisha

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Bhubaneswar: The Central Bureau of Investigation (CBI) on Tuesday conducted simultaneous searches at 12 places in Odisha in connection with a chit-fund scam.

CBI sources said searches were conducted at residences of some officials of inter-state chit fund company Swastic India, and offices of the company, including eight in Bhubaneswar.

The other four places where the company offices were searched were at Baleswar, Bhadrak, Sundargarh and Jharsuguda.

In May last year, police in Sundargarh and Bargarh districts registered separate cases against Swastik India officials.

The CBI arrested several officials, including company founder Ranjan Dash, for allegedly duping the depositors of crores of rupees.

(IANS)

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Kanishk Gold Directors Questioned in Loan Fraud Case

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A Central Bureau of Investigation official told IANS: "Questioning of KGPL Directors Bhoopesh Kumar Jain and Neeta Jain is being carried out at our Bengaluru office." Pixabay

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kanishk gold
The agency also conducted searches at KGPL’s office as well as official and residential premise of accused persons at various places in Chennai. Pixabay

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Khaleeda Zia granted 64 months bail. IANS

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