State

Remand of Durga Mishra Extended for 3 More Days in Ponzi Scam

Bhubaneswar, Dec 20: The remand of Durga Prasad Mishra was extended for three more days in connection with the chit fund scam. The CBI on Saturday produced him before the court seeking to take the former MD of the Microfinance Ltd on additional three day remand.

Mishra was produced before the special CBI court as his six-day remand ended today. He is accused of duping thousands of depositors alluring them of bigger returns.

He was hiding since March. He was arrested by the CBI last week following the raids at his offices and residences in the state capital.

Recently, the CBI during the investigation claimed that Microfinance had violated the guidelines set by the Reserve Bank of India (RBI) in obtaining a licence to run the ponzi scheme business in Odisha.

Utkal University postpones Plus III 4th semester exam

Bhubaneswar: In view of heavy rainfall across the state, the authorities of Utkal University (UU) today postponed the Plus III 4th semester examinatio...

List of trains controlled, cancelled, short terminated due to heavy rainfall in Odisha

Bhubaneswar: In view of heavy rain in coastal area, some of the trains were en-routed for water-logging at Khurda Road Railway station, Bhubaneswar Ra...

Heavy Rain Brings Odisha To Halt; Normal Life Hit In Twin City

Bhubaneswar: Incessant rainfall over the last 24 hours due to the low-pressure over the Bay of Bengal has thrown normal life out of gear in several pa...

Thunderstorm Alert For 19 Districts; Flood Situation Likely In Odisha

Bhubaneswar: The Regional Meteorological Centre Saturday issued heavy rain and thunderstorm alert for 19 districts in Odisha.The thunderstorm alert ha...