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Odisha chit fund scam: AT group mopped up Rs 110 cr from Ganjam alone !

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Odisha Sun Times Bureau
Bhubaneswar, Sep 6:

Proving the adage “Charity begins at home”, Artha Tatwa (AT) group, one of the biggest players in the great Odisha chit fund scam, collected the bulk of the money from Ganjam district, company CMD Pradip Sethy’s home turf.

Artha Tatwa

As per the account books of the group seized by the CBI, which is probing the chit fund scam, the AT group of companies mopped up a whopping Rs 110 rcores from Ganjam district alone, sources in the investigating agency said.

Taking the ‘home’ theme further, the group collected the lion’s share of its deposits (Rs 79 crores) from Brahmapur, Sethy’s home town. The other places in Ganjam where substantial collections were made were Polasara (Rs 12 crore), Bhanjanagar (Rs 10 crore) and Chhatrapur (Rs 10 crore).

Balasore district came a distant second with collections of Rs 47 crores. The other places in terms of the volume of transactions were Bhubaneswar capital region with Rs 43 crores, Jagatsinghpur with Rs 30 crores, Cuttack with Rs 27 crores, Aangul with Rs 19 crores, Sambalpur with Rs 16 crores, Paradip with Rs 13 crores, Nayagarh with Rs 11 crores and Balugaon and NTPC, Kaniha with Rs 10 crore each, the sources said.

 

3 COMMENTS

  1. Artha Tatwa Chit Fund Company had collected Rs 520,14,41,386/- (Rupees Five Hundred Twenty Crores Fourteen Lakhs Forty One Thousand Three Hundred & eighty Six) from from innocent people.

    This was a small amount collected from the poor public but according to one reliable information the actual capital of the Artha Tatwa Group is more than Rupees Seven Thousand Five Hundred Crore. Artha Tatwa Enterprises Private Limited (ATPEL) had purchased huge quantity of gold from international market (Electronic Spot Market Membership No. CMID : 13690) and kept in more than one hundred and fifty lockers of HDFC bank and other private banks in Bhubaneswar and Cuttack and one manager of the HDFC Bank (Manager in Bhubaneswar Branch) knows all the details of all lockers. This person was immediately transferred to Kolkata Branch after Commissionerate police had arrested Pradip Sethy. It is suspected that huge amount of black money was invested by corrupt bureaucrats and politicians in Artha Tatwa Group and with this money gold was purchased from international market and kept in these lockers. These lockers were opened in the name of different employees of Artha Tatwa Groups and operated by Pradeep Sethy.

    It is not yet known why DC Pareek (Mumbai based Stock Broker and Director in Artha Tatwa Shares & Stocks Private Limited) is not yet arrested by CBI. This person had helped Pradeep Sethy in his business in Mumbai.

    With regards
    JAYANTA KUMAR DAS (RTI ACTIVIST),9861770749(M)

  2. Ohhh, BJD minister Sanjay Dasburma is one of the top players in the multicrore chit fund scam in Odisha..Let’s see how many more players will show their performances…..

    • Mr. Ashutosh, we are all stupid spectators who purchased tickets at a very high price to watch this funny chit fund game with no referee to conduct it.

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