SC refuses to monitor CBI probe in Odisha chit-fund scam cases

Posted On & filed under Top Law News.

The Supreme Court today dismissed a plea seeking a court-monitored CBI probe into multi-crore rupee chit-fund scam matters cases in Odisha and gave time to agency to come out with suggestions to ensure effective investigation of huge number of such cases in West Bengal. “We see no reason to allow the application (seeking court’s monitoring… Read more »

Saradha Group director Debjani in ED custody

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Debjani Mukherjee, one of the directors of Saradha Group, was remanded by a city court here on Wednesday to the custody of Enforcement Directorate of the Ministry of Finance. This is the first occasion since the massive ponzi scheme scam came to light in April that a central investigating agency has taken an accused in… Read more »

Odisha chit fund probe panel extends deadline

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A commission probing the multi-crore-rupee chit fund scam in Odisha has extended the deadline for submission of complaints till Sep 30 as more people are coming ahead with grievances, a commission official said Tuesday. The one-man panel led by R.K. Patra, former chief justice of the Sikkim High Court, had earlier fixed Sep 18 as the deadline…. Read more »

Panel probing Odisha chit-fund scam extends deadline

Posted On & filed under Top Law News.

A one-man commission probing the multi-crore-rupee Odisha chit-fund scam has extended the deadline for submission of complaints to Sep 18, the commission secretary said on Monday. The commission was appointed in May to probe the alleged fraud committed by chit-fund companies and suggest ways to safeguard the interests of investors affected. It has so far… Read more »