Odisha Sun Times Bureau
Bhubaneswar, Jan 6:
The Khordha district and sessions court today allowed the Enforcement Directorate (ED) to take Pradeep Kumar Sethy, chief of ponzi firm Artha Tatwa (AT) Group, a major player in the multi-thousand crore chit fund scam in Odisha, on a 10-day remand.
The ED had sought to take Sethy on a 14 day remand to interrogate him in connection with the multi-crore chit fund scam in the state on December 19. The court had postponed the hearing in the matter then.
The ED wants to question him on the money trail and track down the crores of rupees the company had collected from lakhs of gullible investors in the state, sources said.
The ED, which is inquiring into the money trail, would seek information from Sethy on the investments made by his company in and outside the state and identify other influential persons who facilitated the fraudulent operations of the AT Group.
The findings of ED would certainly help CBI to gather hard evidences and arrest those influential persons, sources added.