MLM / Chain Money
Odisha chit fund scam: Minister on CBI scanner
Bhubaneswar : An aide of Odisha's Food Supplies and Consumer Welfare Minister Sanjay Dasburma on Wednesday submitted documents relating to a vehicle owned by the minister to the CBI which is inquiring into the multi-crore-rupee chit fund scam in the state.
 
Gourang Sahu, representative of the minister, submitted the documents to the CBI on allegations of taking the car from the Artha Tatwa chit fund company.
 
The CBI had issued notice to the minister on April 4 to submit documents relating to the vehicle.
 
Dasburma, however, said everything will come out after the CBI inquiry.
 
Congress leader Lalatendu Bidyadhar Mohapatra had alleged that the vehicle was gifted by Artha Tatwa chief Pradeep Sethi, who is in jail for duping thousands of depositors.
 
The CBI is inquiring into the chit fund scam of 44 companies in the state following directions of the Supreme Court.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Rs.9.43 crore of Karnataka ex-minister attached in mining scam
Bengaluru : The Enforcement Directorate (ED) on Wednesday attached Rs.9.43 crore of Associated Mining Company (AMC), owned by Karnataka's former BJP minister G. Janarahdan Reddy and his wife G. Lakshmi Aruna, as the balance amount from illegal sale of iron ore to JSW Steels at Ballari.
 
"This (Rs.9.43 crore) is the balance amount of the Rs.33.80 crore AMC generated from illegal sale of iron ore to JSW and kept with the steel firm," ED said in a statement here.
 
ED's Bengaluru office had also attached the major amount (Rs.24.37 crore) in March 2015 under the Prevention of Money Laundering Act after investigations through this amount was also kept with JSW.
 
"AMC and its former partners (Reddy & Aruna) projected the ill-gotten money as untainted," the statement noted.
 
The value of total proceeds of the crime attached in this case is Rs.71.54 crore, including Rs.37.74 crore recovered from other illegal proceeds of AMC.
 
Reddy, who was a cabinet minister in the first BJP government from May 2008 to July 2011, is on bail after languishing in Hyderabad and Bengaluru central jails till January 23, 2015 following his arrest by the CBI on September 5, 2011 in multi-crore mining scams in both the neighbouring states.
 
The Supreme Court ordered the Central Bureau of Investigation (CBI) to probe Reddy's illegal mining activities, including exports through his mining firms in Karnataka and Andhra Pradesh.
 
The CBI also raided Reddy's palatial bungalow at Ballari, about 300km from here, and in Bengaluru in October 2011 and recovered several incriminating documents in connection with the mining scams.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Notice to civil aviation ministry, AAI over falling glass in Chennai
New Delhi : The National Human Rights Commission on Wednesday issued notice to the civil aviation ministry and the Airports Authority of India, following a series of incidents of falling glass at the Chennai airport that endangered the safety of travellers.
 
The NHRC, which received a complaint on the issue, said the Chennai airport, despite having been modernised in 2012, has witnessed 61 incidents of falling glass in recent times.
 
No substantive action has been taken by the authorities, the commission learnt through the complaint.
 
The commission said that if the information in the complaint was true, then the matter needs to be investigated.
 
Accordingly, notice has been issued to the ministry and the AAI demanding reports as soon as possible.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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