Odisha Sun Times Bureau
Bhubaneswar, Jan 7:
The Special Chief Judicial Magistrate (CJM) court in the Odisha capital today allowed the CBI to take Swastik India Multi-State Cooperative Society’s chief promoter Ranjan Dash and two other co-promoters Sabyasachi Pani and Prabodh Parida on seven day remand.
The CBI has also moved the court to take Jagabandhu Panda now in jail in connection with the Artha Tatwa (AT) Group chit fund scam.
The central investigating agency suspects of depositors’ money being pumped into Odisha Premier League (OPL) since Ranjan was the franchisee of Bagha Jatin team of Balasore. The CBI today had today summoned Odisha Cricket Association’s (OCA) treasurer and account officer for interrogation in this connection.
According to CBI sources Ranjan had defrauded over Rs 22 crore of depositors’ money through his Ponzi firm.
“We have arrested three persons. These are the main accused. They are from the Swastik India group,” said Rajiv Ranjan SP CBI, Bhubaneswar to reporters.
Ranjan and two other co-promoters of his firm Sabyasachi and Prabodh were arrested by the CBI on Wednesday.
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.