State

CBI files First Chargesheet against Micro Finance Limited

Bhubaneswar, Feb 12: The CBI on Thursday filed its preliminary chargesheet against Micro Finance Limited in the ongoing investigation into chit fund scam in Odisha.

The SIT team of CBI has named five persons including Durga Prasad Mishra, former MD of the chit fund firm, his brother Upendra Mishra, son Kaliprasad Mishra, Ashok Patnaik, director of the firm, and another director Bakunthanath Patnaik in the chargesheet.

However, Upendra Mishra and Kaliprasad Mishra have not been arrested yet in the case.

The CBI filed the 100-page chargesheet mentioning the names of the accused, witnesses, depositors and related documents in the scam before the special CBI court.

The central agency alleged that the firm has duped the depositors of collecting money of Rs 400 crore by operating six companies in the state. The Micro Finance was running business under the names of MFL, Micro Leasing and Funding, Micro Hotels, Micro Constructions, Micro Hospitals and Micro Media.

This is the third chargesheet in the mega ponzi scam in the state. Earlier, the first chargesheet was filed against Green India Private Limited and the second was against the Artha Tatwa Group in December last year.

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