The Central Bureau of Investigation has filed a charge sheet today in the Court of Special C.J.M., CBI cases, Bhubaneswar against 16 accused persons; a private Cooperative Society Ltd. of Odisha represented by its President; a private Credit Cooperative Society Ltd. of Odisha represented by its President and five other private companies based at Odisha represented by its Director & MD u/s 120-B, 406, 409, 411, 420, 468, 471 of IPC and section 4, 5 & 6 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 in an alleged multi crore chit fund scam.

CBI had earlier registered the case against the group of companies & its Managing Director and others in the multi crore chit fund scam on the directions of Hon’ble supreme Court of India. The investigation of these cases has been taken up by the SIT of CBI.

Further investigation of this case as per the provisions of Section 173(8) Cr. P.C continues in respect of other accused persons including influential persons; role of regulatory agencies like SEBI, ROC & RBI and role of other agencies, larger criminal conspiracy and money trail.

The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it. Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.