“saradha scam”

Chit Fund Scam: CBI raids Saradha Office in Odisha

The CBI Wednesday searched the office of Saradha Company in Puri in connection with a chit fund scam in Odisha. The Central Bureau of Investigation (CBI) searched the office of the Kolkata-based company at Badashankha in Puri, said CBI sources. The company allegedly duped thousands of depositors to the tune of Rs.10 crore in the area. The Economic Offences Wing (EOW) of the state Crime Branch had sealed the branch of the company in April