Odisha

Police File Case Against 4 Persons Including Journalist In Chit Fund Scam In Odisha’s Rayagada

By
OB Bureau

Rayagada: Police have registered a case of cheating against 4 persons, including a journalist, in a chit fund scam of over Rs 6o lakh in Odisha’s Rayagada district.

As per reports, the four accused, headed by mastermind Debasish Mishra, the son of a school teacher, had approached the women groups of Gunupur in the district last year with a financial offer. He was accompanied by representatives of private finance institutions including Sampurna, Fusion, People Forum and others.

Debasish convinced the financial institutions that the women wanted to take loan for opening sewing centres, coaching centre, Jan Seva Kendra and self-help centres.

Later, Debasish and his associates took loans of Rs 30,000 to Rs 35,000 in the name of each woman totalling more than Rs 60 lakh. He has assured the women that he would return the loan with interest.

As Debasish failed to repay the loan, the representatives of the financial institutions started harassing the women. Meanwhile, Debasish and his accomplices absconded.

Realising that they had been cheated, the women filed a case at Gunupur police station. A 4-member police team led by Gunupur SDPO Bikash Mumar Beuria conducted raid on several places whose addresses were furnished by Debasish. But they failed to find any trace of him.

Meanwhile, the police have forwarded the case to special OPID court at Berhampur under chit fund Act. The SDPO said since the case involved financial irregularities the Enforcement Directorate would investigate into it.

OB Bureau

Recent Posts

System Over Bay Of Bengal To Trigger Rain In Odisha, Push Up Night Temp By 2-4°C

Bhubaneswar: Dense fog reduced visibility in Odisha's Rourkela while moderate fog engulfed Koraput, Bhawanipatna and…

November 24, 2024

IPL Auction: Rishabh Pant Sold At Record Rs 27 Cr After Shreyas Iyer Fetches Rs 26.75 Cr

Mumbai: Shreyas Iyer may be out of the Indian team currently, but the dashing right-handed…

November 24, 2024

What Did PM Narendra Modi Take From Odisha As Gift During 3-Nation Visit?

Bhubaneswar: A rare and exquisitely crafted Filigree boat made of pure silver from Odisha was…

November 24, 2024

PM Narendra Modi Tweets His Excitement Over Attending ‘Odisha Parba 2024’ Today

New Delhi/Bhubaneswar: Prime Minister Narendra Modi will participate in the ‘Odisha Parba 2024’ programme on…

November 24, 2024

SEBI In Dock As Bribery Case Involving Gautam Adani, His Officials Reaches Supreme Court

New Delhi: A fresh application was filed before the Supreme Court on Sunday urging the…

November 24, 2024

[Watch] Odisha CM Disburses Subhadra Assistance To Over 20 Lakh Beneficiaries In 3rd Phase

Bhubaneswar: Chief Minister Mohan Majhi disbursed the first instalment of Rs 5,000 under Subhadra Yojana…

November 24, 2024

Low Pressure Over Bay Of Bengal Becomes Well Marked; Will It Intensify Into Cyclone?

Bhubaneswar: The low-pressure over east Equatorial Indian Ocean (EIO) and adjoining southeast Bay of Bengal…

November 24, 2024

Here’s Why Rishabh Pant Gifted Scooters To Two Factory Workers

New Delhi: Cricket fans were left gasping for breath in December 2022 when Indian wicketkeeper-batter…

November 24, 2024