Cuttack: The Special Chit Fund Court here on Tuesday ordered confiscation of properties worth Rs 2 crore of Ponzi firm Land India.
According to the court’s directive, a total 7.91 acre of land worth Rs 1, 85 crore belonging to the company and bank deposits to the tune of Rs 8, 12, 258 will be confiscated. The value of the estimated properties, both movable and immovable, will the be equitably distributed among the duped investors.
Several investors duped by the chit fund firm had earlier lodged complaints against the company’s managing director Braja Sundar Mishra.
Bhubaneswar: BJP's national president JP Nadda kicked off the party campaign for Lok Sabha and…
New Delhi: Eight days after postponing his two-day trip to India, Elon Musk arrived in Beijing…
Bhubaneswar: With severe heatwave conditions gripping Odisha, maximum temperature shot up to 43 degree Celsius…
Mumbai: Samantha Ruth Prabhu had a special birthday treat for her fans on Sunday, when…
Bhubaneswar: The India Meteorological Department (IMD) has forecast thunderstorm with lightning in 4 districts and…
Bhubaneswar: Biju Janata Dal (BJD) on Sunday moved Odisha’s Chief Electoral Officer (CEO) accusing Bharatiya…
Baripada: Police have arrested two persons for allegedly murdering a man over love affair in…
Porbandar: Indian Coast Guard (ICG), in an operation with Gujarat Anti-terrorism Squad (ATS) and Narcotics…