FIR over chit fund fraud

Published: 30th August 2013 11:49 AM  |   Last Updated: 30th August 2013 11:49 AM   |  A+A-

The investors of Bhubaneswar-based AB Group of companies, a chit fund company,  in Koraput district have filed an FIR at Jeypore police station against the company. They alleged that the company has duped them of over ` one crore through different schemes promising high returns.

They claimed that they had invested in different schemes of the AB Group and its sister concerns from December 11, 2012 to July, 2013.  However, the company officials stopped interacting with them from August, 2013.

When the investors failed to contact the company officials in Berhampur and Bhubaneswar offices, they filed the FIR.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp