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Odisha MP, ex-MLAs sent on 13-day judicial remand after court rejects their bail plea

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Odisha Sun Times Bureau
Bhubaneswar, Nov 10:

The Special Chief Judicial Magistrate Court today rejected the bail pleas of three arrested Odisha politicians -sitting BJD MP from Mayurbhanj Ramchandra Hansda, former BJD MLA from Keonjhar Subarna Nayak and former BJP MLA from Nuapada Hitesh Bagartti- and sent them to Jharpada jail here on a 13 day judicial custody.

Ram Chandra Hansda, BJD MP
Ram Chandra Hansda, BJD MP
The three leaders were produced before the court earlier in the day after being medically examined as the term of their six day CBI remand ended today.

The trio was arrested by the CBI on November 4 for their alleged links with ponzi firm Nabadiganta Capital Services.
During its investigation, the CBI had found that they were active directors of the ponzi firm and had charged them for criminal conspiracy, cheating and diversion of funds.

CBI, during its interrogation of the three politicians had come to know that they were active directors of Nabadiganta Capital Services, had operated the firm’s bank accounts, conducted meetings of the company, and adopted resolutions at the company’s meetings and drawn money from the company’s bank account through self cheques.

The CBI has come to know during its investigation that the ponzi firm had operated through 40 bank accounts, the sources added.

Chairman cum Managing director (CMD) of the company Anjan Kumar Baliarsingh and two directors — Kartikeya Parida and Pradeep Patnaik — were arrested Oct 26. They are in jail after a special CBI court rejected their bail plea Nov 1.

Around Rs 8 crores of money collected through public deposits has been embezzled by the directors of the company, according to sources in the CBI.