State

Chit Fund Scam: Odisha Govt to seize Rose Valley Assets

Bhubaneswar, Feb 26: Odisha government has been directed by a special court in Cuttack to seize the assets worth Rs 63.64 crore belonging to the Rose Valley Group in connection with the chit fund scam.

The assets of the chit fund firm will be seized under the Odisha Protection of Interest of Depositors' Act-2011.

As per the order, the property will be auctioned and the amount will be distributed among the depositors, who were duped by the company.

It can be noted that the Enforcement Directorate (ED) had attached 2,631 bank accounts of Rose Valley Group in West Bengal, Odisha, Jharkhand, Tripura, Assam and Himachal Pradesh in November last year. A total of Rs 295 crore was frozen under the provisions of the Prevention of Money Laundering Act.

Odisha BJP to 'chargesheet' BJD Govt over 36 corruption cases, releases booklet

Bhubaneswar: Ahead of Prime Minister Narendra Modi's visit to State, the Odisha BJP has decided to reach out to people with a list of allegations agai...

Announce Special package for Odisha before visit: PCC chief urges PM

Bhubaneswar: Odisha Pradesh Congress Committee (OPCC) president Niranjan Patnaik on Monday demanded that Prime Minister Narendra Modi announce a speci...

5 Killed In Lightning, Warning For 22 Districts Till May 26

Bhubaneswar: At least five persons, including two minor boys were killed in separate incidents of lightning in the State during the past 24 hours. Amo...

March 2020 Deadline For Bolangir LPG Bottling Plant: Pradhan

Bolangir: Taking a step towards fulfilling Prime Minister Narendra Modi's vision of 'Purvodaya' (A prosperous East for a New India), Union Minister Dh...