Home HEADLINES Chit fund scam: CBI SIT raids Microfinance offices in Odisha

Chit fund scam: CBI SIT raids Microfinance offices in Odisha


Reported by Santosh Jagdev
Bhubaneswar, Jan 31:

The Special Investigation Team (SIT) of the CBI began simultaneous raids on the offices of Microfinance Ltd, a chit fund company, in Odisha this morning.

file pic
file pic

According to reports, the SIT t teams began raid at 14 places including Bhubaneswar, Cuttack and Brahmapur where the chit fund company has its offices.

In the capital city, the CBI officials raided the house Durga Prasad Mishra at Aryabhumi Complex in Patia, the house of Ajay Swain, former personal assistant of commissioner-cum-secretary, Panchayati Raj, in Unit-IX area, the residence of Suratha Das, one of the directors of Microfinance Ltd at Sahid Nagar area, and the residence of retired IAS officer Jugal Kishore Satpathy in Khandagiri area.

This apart, the central investigating team also raided the residence of Ashok Patnaik, one of the directors of the company, in Khapuria area in Cuttack.

Besides, the raid was also continuing at the company’s head office in Brahmapur city, said a release by the CBI’s PRO Cell in New Delhi.

This was the second raid conducted by the SIT on the Microfinance Ltd.