Odisha

Seashore fraud: HC grants conditional bail to Subhankar Nayak

Cuttack: The Orissa High Court on Tuesday granted conditional bail to real estate broker Subhankar Nayak, an accused in the Seashore chit fund fraud.
He has been asked to furnish two sureties of Rs 2 lakh each and another Rs 5 lakh cash surety or property surety. Besides barring Nayak from travelling outside the state, the court warned him against influencing witnesses in the case.
The CBI had arrested Nayak on November 18, 2014, following a raid on his house at Kharvel Nagar in Bhubaneswar. He had allegedly acted as the middleman between Seashore Group and senior bureaucrats.

OB Bureau

Recent Posts

3 More Doppler Radars To Be Set Up In Odisha To Improve Forecasting

Bhubaneswar: In order to strengthen meteorological forecasting capabilities, steps are being taken to install three…

2 minutes ago

Burglars Break Into House, Decamp With Rs 30L Gold In Bhubaneswar

Bhubaneswar: Burglars decamped with gold ornaments worth around Rs 30 lakh from a house at…

6 minutes ago

Cheating Case: Delhi HC Denies Ex-IAS Trainee Puja Khedkar Pre-Arrest Bail

New Delhi: The Delhi High Court on Monday dismissed the anticipatory bail plea of former IAS…

31 minutes ago

LOPAR To Trigger Heavy Rain In Odisha Again; 2-4°C Dip In Night Temp Predicted

Bhubaneswar: After untimely rains for two consecutive days last week, Odisha is likely to experience…

44 minutes ago

PV Sindhu Ties The Knot In Udaipur, Check Viral First Pic

Hyderabad: PV Sindhu and Venkata Datta Sai are man and wife now. India’s ace shuttler and…

58 minutes ago

Rs 220 Cr Cocaine Seizure In Odisha: Cargo Ship Crew To Return To Vietnam After Year-Long Detention

Paradip: Crew members of a cargo ship, which has been berthed at Odisha’s Paradip port…

1 hour ago

This website uses cookies.