Home CRIME Odisha chit fund scam: preliminary charge sheet against Swastik India

Odisha chit fund scam: preliminary charge sheet against Swastik India

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Odisha Sun Times Bureau
Bhubaneswar, May 3:

The Central Bureau of Investigation (CBI) probing the multi-thousand crore rupee chit fund scam in Odisha today filed a preliminary charge sheet against the chief of Swastik India Multi-State Cooperative Society and four others.

Ranjan Dash

The central investigating agency filed the preliminary charge sheet against its chief Ranjan Dash and four others for defrauding investors of over Rs 28 crore, sources said.

Ranjan who was also a director with the Artha Tatwa (AT) group, was arrested by the CBI in 2014 for his alleged links with the Ponzi firm 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.

However, he was again arrested by CBI on January 6 this year in connection with the scam.