Seashore chit fund scam: CBI raids offices & residences of Rabindra Jena and other BJD leaders

By: |
New Delhi | January 12, 2017 4:14 PM

In another attempt of a major crackdown on the flow of black money in the country, CBI has, today, raided the offices and residences of BJD MP Rabindra Jena, BJD MLA Pravat Biswal and party leader Saroj Sahu.

CBI, Demonetisation, Money Laundering case in Surat, Black Money, Note Ban, Illegal MoneyRabindra Jena took Rs 18 crore loan for the Supratik Companies from the Seashore Group in 2010 and claimed to have repaid the amount in 2013, but the CBI is still investigations on the chit fund scam. (Source: IE)

In another attempt of a major crackdown on the flow of black money in the country, CBI has, today, raided the offices and residences of BJD MP Rabindra Jena, BJD MLA Pravat Biswal and party leader Saroj Sahu in connection with the seashore chit fund scam.

With alleged connection in the chit fund scam Pravat Biswal, his wife Laxmibilasini along with Rabindra Jena and Saroj Sahu, had previously been interrogated by the CBI several times. Apart from raiding Biswal’s quarter, the CBI had also raided the Cuttack based private properties of the BJD Member of Legislative Assembly (MLA). The raid on Rabindra Jena’s premises had further intensified the trouble on Biswal, who had been linked with the scam since the probe started.

Also Watch:

Reportedly, Rabindra Jena took Rs 18 crore loan for the Supratik Companies from the Seashore Group in 2010 and claimed to have repaid the amount in 2013, but the CBI is still investigations on the chit fund scam.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Karnataka: Siddaramaiah drops hints on contesting 2023 assembly polls from Badami
2UP Gram Panchayat Elections 2021: Voting underway for vacant posts, result on June 14; all you need to know
34 children killed in massive landslide in Mizoram