Home ODISHA LATEST Supreme Court favours CBI probe into Odisha chit fund scam

Supreme Court favours CBI probe into Odisha chit fund scam


OST Bureau
New Delhi, Jan 22 :

The Supreme Court is on the verge of ordering a CBI probe into the huge Odisha chit fund scam.

This was apparent from the observations made by Justice TS Thakur and Justice C. Nagappan on Tuesday during the hearing of a PIL filed by social activist Alok Jena who is demanding a CBI probe into the chit fund scam in which many political leaders and influential persons are allegedly involved.supreme court

Despite a spirited defence put up by Odisha government’s counsel and senior lawyer Gopal Subramanium who argued that an order for a CBI inquiry into the scam at this stage could damage the state government politically, the learned judges felt an impartial investigation is required to instil confidence in the public mind and those who have been duped and also in view of the fact that it was an offence of a huge magnitude.

Earlier, the petitioner’s lawyer Suresh Tripathy, questioned the bona fides of the present investigation by Odisha Crime Branch and submitted that in view of the fact that 20 lakh families were affected and around Rs 50 thousand crore had been looted, an investigation by CBI is highly necessary. He submitted that very influential people including ministers are involved in the scam and the Crime Branch investigation has so far failed to unearth the mega scam. Sri Tripathy also said the entire investigation is tainted and unfair.

After hearing both the parties,Court has directed the petitioner’s counsel Suresh Tripathy to prepare a list of the major chit fund operators whose business was huge and spread over a number of states, to enable the Court to direct CBI to investigate the cases.

The matter is now listed for January 28. The bench is also likely to pass its verdict the same day.


  1. 25th Feb is the next date of hearing in the Hon’ble Supreme Court : Chief Secretary Odisha says (published in Indian Express) that P K Panda was on a personal visit to Delhi and that Panda was on leave.If documents of ADG Crime say Panda was on official tour to Delhi along with another DSP CB Saroj Kumar Rath, then What will be the next answer of the Hon’ble Chief Secretary Odisha ? On whose advice is the CS Odisha ready to sacrifice his integrity,honesty and career ?


  2. Justice Thakur Sir please save my family…I have deposited Rs 8 lakh with the AT Group- one of our chit fund companies. I had earned the money through my sweat and blood. Your valuable response can save us..

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