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Odisha chit fund scam: CBI raids offices of Green India, homes of its officials

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Reported by Santosh Jagdev
Bhubaneswar, Aug 7:

The CBI team investigating into the chit fund scam in Odisha today conducted raids on different offices of Green India Finance (GIF), a chit fund company.

CHIT FUND SCAMNine teams of CBI conducted simultaneous raids at the branch offices of GIF and the residences of company directors Pradeep Singh at Ayodhya Nagar and Suneel Panda at Ashok Nagar in Berhampur city  in Bhubaneswar and Berhampur , sources said.

The company had allegedly duped several gullible investors of crores of rupees through fixed deposit, recurring deposit (RD), by promising to provide houses and land loans etc under different schemes floated by it, the sources added.

The sources also said the CBI found several incriminating documents from the offices and houses of the directors of the company during the raids.

It may be recalled here that 60 investors of Berhampur had lodged a complaint with the Berhampur Town police station against the chit-fund company on August 4, 2013.

In the complaint, the investors had alleged that the firm had duped them of Rs 5 crore.

2 COMMENTS

  1. Yesterday I was in Bhubaneswar CBI office and I have seen that three cars that belong to Green India Chit Fund company with registration number OR 07Z 3979, OR 07AB 0111 & OD 07 0805 were seized by CBI team.

    JAYANTA KUMAR DAS (RTI ACTIVIST),9861770749(M)

  2. CBI has seized 35 to 40 RC Books of Luxury Cars during raid and is now in search of those cars.

    JAYANTA KUMAR DAS (RTI ACTIVIST), 9861770749 (M)

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