Chit Fund Scam: Court Rejects Former BJD MLA’s Bail Plea

**Bhubaneswar**: The Khurda District and Sessions Judge Court on Tuesday rejected the bail plea of former BJD MLA from Keonjhar Subarna Naik, who was arrested on charges of his links with chit fund firm Nabadiganta Capital Services.

The CBI, probing into the mega chit fund scam in the state, had arrested the former lawmaker on November 4, 2014.

Worth mentioning, Naik was one of the directors of Nabadiganta Capital Services, which had collected about Rs 15 crore from people in Puri and Cuttack districts between 2011 and 2013.


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