Bhubaneswar: A special CBI court here on Tuesday sentenced group chief of Micro Finance Ltd (MFL) Durga Prasad Mishra to three years in jail in the mega chit fund scam.
Mishra had pleaded guilty to duping investors of their money.
The court also asked him to pay Rs 215 crore as compensation to the scam victims, failing which properties of the group would be attached, sources said.
The CBI had arrested Mishra in December 2014 on charges of duping investors to the tune of Rs 500 crore by floating six companies. He had been lodged in Jharpada Special Jail here since then.
On July 7, the court had sentenced another director of the company Ashok Kumar Patnaik to three and a half years in jail and directed him to pay a compensation of Rs 105 crore.
Altogether, 13 cases were registered against the company in 2013, sources added.
Bhubaneswar: With double-engine government in place, Odisha would emerge a developed state by 2036, said…
Bhubaneswar: With the Odisha government taking steps to strengthen the police force, 679 police stations…
New Delhi: Leader of Opposition (LoP) in Lok Sabha Rahul Gandhi found himself surrounded by…
Bhubaneswar: The Commissionerate Police has filed another case against high profile con woman Hansita Abhilipsa…
Kolkata: Doctors from various hospitals in Kolkata staged a protest rally in the city on…
Bhubaneswar: Sarat Chandra Sahu, Director of Centre for Environment and Climate (CEC) of Siksha ‘O’…
This website uses cookies.
