ONE MORE CHIT FRAUD! VISTA DUPES DEPOSITORS OF RS 40 CR

-

ONE MORE CHIT FRAUD! VISTA DUPES DEPOSITORS OF RS 40 CR

Friday, 19 December 2014 | AJIT PANDA | NUAPADA | in Bhubaneswar
1
2
3
4
5
0
One more case of financial fraud worth Rs 40 crore has been added to the scores of chit fund scams in Odisha. The depositors and investors of Nuapada district have drawn the attention of the Government to this fraud and demanded action against the company, Vista Management Services Ltd. In a memorandum sent to the Chief Minister, the complainants have said the Vista has cheated them of their hard earned money by introducing share certificates, monthly income plans and fixed deposit schemes.
 
The investors have said they had invested in the company with the hope to get more benefit. Purna Chandra Sahu, a primary school teacher of Khariar, had invested Rs 7 lakh with the company. “I had invested all my saving in the company and now the company has vanished,” he lamented. A number of teachers like Sahu who had invested their lifelong savings with the company, are now in a state of hopelessness as the company has closed the branch in the town.
 
“The company has cheated us through attractive websites/booklets/advertisements and assurances and by getting different branches opened and inaugurated by Ministers and MLAs,” the complainants have said. It is learnt that all the certificates, bonds, notarised agreements, etc., provided by the company are forged. “Now, when we inquire the about the invested money we find that forged and false certificates have been issued to us putting original signatures and seals,” the depositors have mentioned in the complaint.
 
The investors are now blaming the Government. “The Government gave a free hand to the company to cheat the investors without any check and balance. Hence, the Government is solely liable to reply to the investors,” they have mentioned. The investors have demanded action against Vista chief managing director (CMD) Dev Kumar Panda of Jaipatna and four other directors  Fayaz Khan of Cuttack; Bijaya Kumar Swain of Vani Vihar, Bhubaneswar; Manoj Kumar Pattnaik of Manoharpur, Balangir; and Biranchi Narayan Mishra of Industrial Estate, Balangir.
 

Comments

Post a Comment

Popular posts from this blog

NBWS ISSUED AGAINST 3 N’PADA FOREST STAFF

-
NBWS ISSUED AGAINST 3 N’PADA FOREST STAFF Sunday, 10 May 2015 | AJIT PANDA | NUAPADA | in  Bhubaneswar The Judicial Magistrate First Class (JMFC), Khariar issued non-bailable warrants (NBWs) against three officials of Forest (Territorial) Division of Khariar. The NBWs were issued against DFO Sarat Chandra Panda, ACF Nityanand Naik and Forester Surendra Barik for deliberately defying summons of the JMFC for appearance in the court. The police are yet to arrest the officials, as they are absconding. The incident which led to such an unprecedented situation is peculiar. The DFO had issued an order for digging of a trench on the boundary line of forest land located near the JMFC court. The work resulted in the damage of a footpath and the water supply system leading to the court premises. Expressing discontent, the advocates of Khariar Bar Association requested the Forest Department to stop the work. However, the DFO instead of listening to them, justified his work stat...
Read more

Odisha’s Nuapada a snapshot of how COVID-19 is affecting rural India

-
Image
https://www.downtoearth.org.in/news/health/odisha-s-nuapada-a-snapshot-of-how-covid-19-is-affecting-rural-india-76689 Odisha’s Nuapada a snapshot of how COVID-19 is affecting rural India Nuapada distrct experiences lack of oxygen, callous staff, a swelling number of infection cases and deaths and an administration in denial as COVID-19 wreaks havoc  By  Ajit Panda Published: Monday 26 April 2021  A person being tested for COVID-19 at the Khariar Road Railway Station in Odisha's Nuapada district. Photo: Twitter Handle of the Collector and District Magistrate of Nuapada The worst fears of experts regarding rural India during the first wave of the novel coronavirus disease (COVID-19) last year are coming true. Nuapada, a district of Odisha bordering Chhattisgarh, offers a snapshot of the havoc that the pandemic is wreaking, now that it has reached these areas. Lack of oxygen, callous staff, the swelling number of infection cases and deaths and an administration in denial is ...
Read more

Dalits avenge discrimination by upper caste

-
  Dalits avenge discrimination by upper caste Sunday, 24 April 2022  |  AJIT PANDA  | NUAPADA https://www.dailypioneer.com/2022/state-editions/dalits-avenge-discrimination-by-upper-caste.html Despite strict laws and social reforms, there seems to be no end to caste discrimination. In an incident reported from Jamgaon village under the Boden police limits of Nuapada district, dalits of the village have allegedly been prevented from carrying the ceremonial vases filled with water and paddy in a Kalas Yatra held during celebration of the Ram Navami on April 10.  According to dalits, the village as a whole decided to celebrate the Ram Navami with participation of people of all communities, including dalits. All dalit families contributed financially equally as decided in a village meeting. "But when the decision about organising the Kalas Yatra was made, they said dalit women would not be allowed to carry Kalas because the water and paddy would be impure “It was qui...
Read more