First conviction in chit fund scam

A special court here sentenced Gouri Sankar Parida, MD of EShore Developers, to two years rigorous imprisonment and slapped a fine of Rs 72,000 .

By: Express News Service | Bhubaneswar | Published:December 24, 2015 2:29 am
chit fund, chit fund scam, chit fund accused, chit fund arrests, chit fund scam, chit fund news, india news A special court here sentenced Gouri Sankar Parida, MD of EShore Developers, to two years rigorous imprisonment and slapped a fine of Rs 72,000 .

More than a year after it started a probe into the multi-crore chit fund scam in Odisha, the CBI managed the first conviction .

A special court here sentenced Gouri Sankar Parida, MD of EShore Developers, to two years rigorous imprisonment and slapped a fine of Rs 72,000 .

“This is the first trial to be completed in the chit fund cases in which an accused has been convicted,” said a CBI official. Eshore Developers Ltd was registered in 2011 and had lured hundreds of depositors from Balasore district.

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