Ponzi Scam: CBI Raided 8 Places in AP & Odisha


Bhubaneswar: Eight places in Tamil Nadu and Odisha, have been raided by the Central Bureau of Investigation (CBI) Monday, in connection with its ongoing investigation into a multi-crore rupee chit fund scam.

A CBI official said that the raids were conducted at four places each in the states following a chit fund case registered against a private company Rightmax Technotrade International Limited.

The offices and residences of Rabindranath Jena, V. Lakhanaya and R.Venkatraman, all having links with the Rightmax company, were raided by separate teams of CBI sleuths, the official further added.