CBI raids continue in Odisha: BJD MLA’s aide, OJM leader raided

Odisha Sun Times Bureau

Bhubaneswar, Aug 18:

The CBI today continued with its raids in different places in connection with the multi-thousand crore chit fund scam in Odisha, sources said.

file pic
file pic

The CBI today raided the Banki house of Subash Padhi, a BJD member and close associate of Banki MLA  Pravat Tripathy, besides the Palace Line residence of Jagneswar Babu, secretary general of Odisha Jan Morcha (OJM) at Balangir for their suspected complicity in the chit fund scam. Jagneswar had allegedly taken loans from the AT Group and was interrogated by Commissionerate Police earlier. The CBI had raided the Bhubaneswar residence of Jagneswar on Sunday, sources said .

The central agency today produced Green India company’s Managing Director and CEO before the Special Judicial Magistrate (SJM) court here on completion of their remand period and both were sent to judicial custody by the court.

On August 8, the Special Judicial Magistrate (SJM) court had allowed CBI officials to take Green India company directors Pradeep Singh and Suneel Panda on a 10-day remand for interrogation.

The CBI had sought 14-day remand. The CBI had arrested the duo during raids at their residences in Brahmapur on August 7.

The investigating agency had seized Rs 10 lakh in cash, 14 costly four-wheelers, an apartment in Sundarpada area, valuable land in Bhubaneswar and Brahmapur and several incriminating documents from the directors during the raids, sources said.

The company had allegedly duped gullible investors of nearly Rs 100 crores through their nine branches run in the state by raising fixed deposits (FDs), recurring deposit (RDs) and promising them houses and land loans under different schemes floated by it, the sources added.

Also Read

Comments are closed.