Home » Law » CBI sentenced former CMD of chit fund firm Micro Finance Ltd Durga Prasad Mishra to three years rigorous imprisonment

CBI sentenced former CMD of chit fund firm Micro Finance Ltd Durga Prasad Mishra to three years rigorous imprisonment

Bhubaneswar:18/7/17: The Special Central Bureau of Investigation (CBI) in the Odisha capital today sentenced former CMD of chit fund firm Micro Finance Ltd (MFL) Durga Prasad Mishra to three years rigorous imprisonment (RI).

Further, the court ordered Mishra to deposit Rs 215 crore with it for payment of compensation to duped investors failing which it would attach his properties.

Earlier, on Friday last, the court had convicted Mishra who had pleaded guilty before it in writing to the charges framed against him by the CBI.

Mishra was arrested by the CBI in December 2014. MFL has allegedly duped depositors of over Rs 500 crore across the country. The company had over 420 branches across the country. Over 13 cases of fraud were registered against the company.It is worthy to note that Durga Prasad Mishra had owned         MBC  TV

He is currently lodged in the Jharpada Special Jail here.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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