Odisha Sun Times Bureau
Bhubaneswar, Jan 6:
The CBI today arrested Ranjan Dash, the chief of Swastik India Multi-State Cooperative Society and two other directors of the firm in connection with the multi-crore chit fund scam in Odisha, CBI sources said.
The central investigating agency probing the mega chit fund scam in Odisha under directions of the Supreme Court also arrested two directors of the firm Sabyasachi Pani and Pramod Pradhan, the same sources revealed.
Swastik India Multi-State Cooperative Society which had its head office in Bomikhal area here allegedly defrauded about Rs 100 crore from gullible depositors by promising them with lucrative dividends on their deposits.
Ranjan who was also a director with the Artha Tatwa (AT) group, was arrested by the CBI in 2014 for his alleged links with chit fund company and its CMD Pradeep Sethy, who is also in jail now.
The Orissa High Court on January 29 last year had granted conditional bail to Ranjan Dash.
The court had imposed conditions that he shall deposit a bank draft of Rs 10 lakh, furnish a property surety of another Rs 10 lakh and two more sureties having solvency worth Rs 50,000 each. The court had directed him to submit his passport with the CBI.