Reported by Santosh Jagdev
Bhubaneswar, Sep 7:
The Enforcement Directorate (ED) is likely to take Pradip Sethy, the CMD of Artha Tatwa (AT) group, on remand to interrogate him in connection to the multi-crore chit fund scam in Odisha.
The ED , informed sources said, is likely to pray before the court for a remand order to get Sethy in their custody soon. Sethy is back at the Jharpada jail after a special CJM court of the CBI rejected his bail plea along with that of AT Group’s accountant Srikrushna Padhi yesterday.
However, the ED wants to question him on the money trail and track crores of rupees that 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 in and outside the state, sources added.
The Jharpada jail authorities have tighened Sethy’s security and placed him in ward number- 15 to ensure he stays away from the other two directors of AT Group, Sambit Khuntia and Jyotiprakash Jaiprakash as well as the AT accountant Padhi, jail sources said.
Meanwhile, the CBI is now focusing on the evidence gathered about the involvement of certain influential ruling party politicians and bureaucrats who facilitated the fraudulent operations of the AT Group.
Following media reports that Sethy had invested Rs 1.65 crore in Theme Creatives Private Limited, an advertising agency promoted by Sanjay Dasburma, a person called Balabantaray and a minister through Bikash Swain, proprietor of an Odia daily, the CBI team has reportedly grilled Swain today on the role and involvement of politicians in the matter.
The CBI has also interrogating Ranjan Dash, co-founder of the Artha Tatwa (AT) Group and founder of Swastik India Multi-State Cooperative Agency, on the transactions, deals and investments made by the chit fund company.