Reported by Santosh Jagdev
Bhubaneswar, Sep 17:
The Special CBI court in Odisha capital today granted Central Bureau of Investigation (CBI) to take Shibamoy Dutta, Managing Director (MD) of Rose Valley group and
Director Ashok Kumar Saha on a seven-day remand to interrogate them for their alleged involvement in the multi-thousand crore chit fund scam.
Earlier, the central investigating agency had taken the duo on transit custody after getting tan order from a designated court in Kolkata.
A designated court of CBI in Kolkata had allowed CBI taking Dutta and Saha on transit custody till September 17 to produce them in Bhubaneswar where the case has been registered by the agency, CBI sources said.
CBI had arrested both the accused earlier for their active involvement in cheating the general public and misappropriation of public funds.
In Odisha, the Kolkata based Rose Valley Group has duped the gullible investors through its 65 branches.
Acting on the 25 cases registered against the ponzi company, the state crime branch, which was probing the scam before the investigation was taken over by the CBI on the Supreme Court direction, had raided the company’s offices in June 2013.
The Economic Offences Wing (EOW) of the state crime branch in June last year had moved the finance department for confiscation of properties of the firm.
The property details included 17 acres of land in Balasore and Puri, bank deposits worth Rs 53 crore.
A special designated court in Cuttack in February this year had ordered for a public auction of the property and assets of Rose Valley Group and distribution of the sale proceeds among the depositors. The total value of attached properties, assets, deposits and cash is pegged at Rs 63.64 crore.
The CBI on March 4 had raided Rose Valley Group’s office in the city as part of its nationwide clampdown on the company’s operation.
The probe agency had raided company’s offices at 43 places across the country.
Sources said, the investigating sleuths had seized some incriminating documents from the offices of the chit fund firm. During the raids, some photographs featuring political leaders alongside the company officials were seized. One of these photos featured Odisha chief minister Naveen Patnaik.