channellover
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The CBI on Sunday arrested the chief of Micro Finance Private Limited, one of the 44 chit fund groups under the agency’s scanner.
CBI spokesperson Kanchan Prasad said Durga Prasad Mishra was arrested nine months after he turned fugitive. Mishra, who headed 13 companies including Micro Finance Private Limited allegedly defrauded Rs 500 crore from the investors. The companies had businesses in health, media, chit fund, transport and mining sector. Mishra also owns Oriya TV channel MBC TV.
Last week, CBI had raided Mishra’s residence in Bhubaneswar, but he reportedly escaped before the raid. On October 16, CBI had taken one of the company’s directors Ashok Pattnaik on a nine-day remand.
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CBI spokesperson Kanchan Prasad said Durga Prasad Mishra was arrested nine months after he turned fugitive. Mishra, who headed 13 companies including Micro Finance Private Limited allegedly defrauded Rs 500 crore from the investors. The companies had businesses in health, media, chit fund, transport and mining sector. Mishra also owns Oriya TV channel MBC TV.
Last week, CBI had raided Mishra’s residence in Bhubaneswar, but he reportedly escaped before the raid. On October 16, CBI had taken one of the company’s directors Ashok Pattnaik on a nine-day remand.
See more
