Home CRIME Odisha chit fund scam: CBI files chargesheet against 3 accused

Odisha chit fund scam: CBI files chargesheet against 3 accused

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Odisha Sun Times Bureau
Bhubaneswar, Apr 27:

Central Bureau of Investigation (CBI) filed its charge sheet in special court accusing three persons in the Odisha based Janamangal chit fund Rs 50 crore cheating case on Wednesday.
chit fund

The 120 pages charge sheet which was filed in the special court by the CBI lawyers yesterday has named three accused and 40 witnesses in the  Rs 50 crore cheating case.

The three accused are Nilamadhav Mallick, Bijay Maharana, Manoj Maharana alias Jagan Pandit alias Manoj Nayak.

The 40 witnesses include depositors, CBI officials, bank officials, among others.

Notably, in 2013 the company had opened its branches in Jajpur, Balasore, Ganjam areas. They had siphoned off funds of around Rs 50 crores from gullible  depositors showing different schemes. The company has also taken money from poor farmers to provide tractor and agricultural loans.

A complaint has been first filed by Crime Branch economic wing which was transferred to CBI.