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Odisha Ponzi scam: Nabadiganta CMD Anjan Baliarsingh pleads guilty

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Odisha Sun Times Bureau
Bhubaneswar, May 9:

Chairman-cum-managing director (CMD) of Nabadiganta Capital Financial Services, Anjan Kumar Baliarsingh, who is accused in the chit fund scam, today pleaded guilty of all charges before the Special CBI court here in writing.

Baliarsingh was arrested by the CBI on October 26, 2014.

His move is likely to bring trouble for Ramachandra Hansda, Biju Janata Dal (BJD) MP from Mayurbhanj, Subarna Nayak, ex-BJD MLA from Keonjhar, and Hitesh Bagarti, former Nuapada MLA of Bharatiya Janata Party (BJP), as they were arrested by the CBI for their alleged involvement in the affairs of the chit fund company and are presently lodged in jail.

According to allegations, the company had collected about Rs 15 crore from depositors through its branches located in undivided Puri and Cuttack districts between 2011 and 2013 on the promise of giving hefty returns to them on deposits.