The Special Investigation Team (SIT) of the CBI on Saturday raided chit fund firm Microfinance ltd’s offices and its directors’ residences at 14 places, including Bhubaneswar, Cuttack and Brahmapur. It was the second raid conducted by the SIT on places associated with the company.
“In the Odisha chit fund scam, the CBI conducted searches at 14 places of Microfinance ltd offices and residences of its former managing director Durga Prasad Mishra, director Ashok Patnaik and other directors,” said a CBI spokesperson in New Delhi.
In the morning, the CBI sleuths raided the Kharavel Nagar house of former PA to the Panchayati Raj Department Secretary, Ajay Swain, the Saheed Nagar residence of company director Suratha Das and residence of retired IAS officer Jugal Kishore Satpathy in Bhubaneswar.
The CBI officials also raided the residence of another company director Ashok Patnaik at Khapuria in Cuttack. The raid was continuing at the company’s head office in Brahmapur city, said a release by the CBI’s PRO cell in New Delhi.
Suratha Das, who is also an editor of a weekly newspaper, said he was not involved in any of the transactions of the company. He also rubbished the allegations that he has benefitted financially from the company.