BHUBANESWAR : Making a startling revelation, Chief Minister Mohan Charan Majhi on Tuesday admitted that he too was taken in by the chit fund lure and cheated by the ponzi companies twice - in 1990 ...

The scam Zala was arrested from Visnagar in Mehsana on December 26 last year. Initially, CID Crime had alleged that Zala’s ...

a chit fund company, and misappropriated over Rs 25 lakh. The duo allegedly submitted forged certificates to get the money released from the one-man committee led by Justice Sailendra Prosad ...

Zala, who is already in jail following his arrest, was taken into CID custody again on Tuesday based on a fresh FIR filed by a resident of Prantij. AM ♦ Mastermind of Rs 130cr Ponzi scheme arrested ...

Bhubaneswar: The Odisha unit of the Bharatiya Janata Party (BJP) has assured that the lakhs of people defrauded by chit fund companies will have their deposits refunded. The state BJP president ...

He should initiate steps to return the hard-earned money to the victims." Between 2000 and 2011, nearly two lakh people were hit by the chit-fund scam. Nearly 44 companies had duped people nearly to ...

Zala, who has been accused of orchestrating a Rs 450 crore chit-fund scam, is widely regarded ... Zala used his company, BZ Financial Services, to collect money from investors by promising them ...

Bhubaneswar: The ED on Thursday said the first restitution of funds to victims of Rose Valley chit fund scam in Odisha might ...