Chit fund scam: ED quizzes ex-MD of Micro Finance


Bhubaneswar: The former managing director of Micro Finance Limited, Durga Mishra, on Monday appeared before the Enforcement Directorate (ED) in connection with illegal financial transactions.

The ED has questioned Mishra regarding the illegal transaction. Earlier, Mishra was arrested by the CBI in 2014 and later he was granted bail.

In 2017, a special CBI court sentenced Mishra to three years in jail in a chit fund scam in Odisha. The special court had also ordered to refund Rs 215 crore to the duped investors.

The CBI had arrested Mishra on the charges of duping around Rs 400 crore from various investors.

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