Berhampur/ Bhubaneswar: A special court dealing with chit fund-related
cases on Saturday directed the state government to confiscate Katloon
chit fund firm’s properties worth Rs 1.33 crore.
The court ordered confiscation of the company’s assets, including
37 acre of land and a car, by promising hefty returns on deposits.
On September 15, 2016, Katloon Management and Financial Services Private Limited chief Kailash Chandra Sethy was arrested by the Economic Offences Wing (EOW) of state crime branch of police for duping investors to the tune of Rs 5 crore in the state. In July 2015, Ganjam police arrested the chit fund firm’s director Aswini Kumar Nayak.
.
The company was registered in Cuttack in 2010 and had opened branches in Bhubaneswar and Ganjam, police sources said.
Keonjhar: A senior executive of a mining company, missing for 10 days from Barbil in… Read More
Bhubaneswar: A cyclist died after being run over by three trucks at Palasuni Chhak in… Read More
Someone bring back the partisan passion, combustible energy in India-Pakistan cricketing encounters please. The zing… Read More
Stay ahead with Odisha Bytes Breaking News - your ultimate source for the fastest, most… Read More
Bhubaneswar: The Odisha government on Saturday felicitated the medallists from state for their achievements at… Read More
Mumbai: After proposing Chum Darang on Valentine’s Day, ‘Bigg Boss’ winner Karan Veer Mehra is… Read More
This website uses cookies.
