State

CBI Raids Over Samrudha Jeevan Chit Fund Firms

Bhubaneswar: Dec 29; The Central Bureau of Investigation (CBI), probing the mega chit fund scam, is conducting a raid at the offices and residences of Samruddha Jeevan Multi-state Multipurpose Cooperative Society, a chit fund company, in 58 places in the country, including two places in Odisha.

The raids are being conducted following two cases registered by the agency against Samruddha Group on charges of criminal conspiracy, fraudulent, criminal breach of trust, and sections of the Prevention of Corruption Act.

"Searches are being conducted at 58 locations in Maharashtra and Odisha against Samruddha Jeewan Group of companies in connection with two alleged chit fund cases," the official said.

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