Chit Fund Scam: Naveen rules out any Setback for BJD

New Delhi, Nov 05: Odisha Chief Minister Naveen Patnaik on Wednesday said that the arrest of the Biju Janata Dal (BJD) leaders would not be a setback for his party and added that the law will take its own course.

"I do not think it is a setback for the BJD because these are individual persons, the law will take its own course", said Patnaik, who is in Delhi and will shortly meet finance minister Arun Jaitley to put demand for central assistance towards the Hudhud affected districts.

Earlier on Tuesday, the CBI arrested BJD MP from Mayurbhanj, Ramchandra Hansda, and two former MLAs Subarna Nayak and Hitesh Bagarti for their alleged links with a multi-crore chit fund scam in Odisha.

The trio was arrested on charges of criminal conspiracy, cheating and diversion of funds.

The three leaders were former directors of Naba Diganta Capital Services Limited, a ponzi group. The CBI has been probing the activities of 44 ponzi companies in the state, which allegedly duped thousands of investors' of their deposits.

The agency had earlier in July recovered 28 lakh rupees during a raid on Hansda's house in Mayurbhanj District.

Bijepur by-poll: Union Min Smriti Irani to hit campaign trail tomorrow

Bargarh: Union Minister Smriti Irani hit the campaign trail in Bijepur for the ensuing by-poll to the Bijepur assembly constituency on Tuesday. She wi...

Kotia village row: OHRC seeks reports from RDC, Koraput Collector

Bhubaneswar: The Odisha Human Rights Commission has directed the state government to submit factual reports on the development in the Kotia villages o...

Naveen to hit campaign trail for BJD on Feb 20-21 in Bijepur

Bhubaneswar: As the campaign for Bijepur by-poll has picked up momentum, Chief Minister and BJD president Naveen Patnaik will hit the campaign trail i...

Attack on Pandian's residence: Another accused held from Jharpada

Bhubaneswar: The Twin City Commissionerate Police have arrested one more person in connection with the attack on official residence of V Karthikeyan P...