Tag: chit fund probe

Criminal Law News

First conviction in chit fund probe; firm’s MD jailed

/ by Legal India News | Leave a Comment

A special CBI court in Bhubaneswar has convicted the Managing Director of chit fund company Eshore Developers Private Limited, making it the first conviction in the chit fund scam being probed by the agency. The court has sentenced Gauri Shankar Parida, the then Managing Director of the Balasore-based company, to undergo two years of rigorous […]

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