3 Nava Diganta officials arrested, netas deny link

  |   27 October, 2014   |   838   |   3980

BHUBANESWAR: CBI on Sunday arrested three top functionaries of Nava Diganta Capital Services Limited (NDCS), a chit fund company, for allegedly embezzling public deposits worth over Rs 100 crore. The company's CMD, Anjan Baliyarsingh, and directors Pradeep Pattnaik and Kartikeya Parida, were arrested after eight hours of interrogation.



BJD's Mayurbhanj MP Ramachandra Hansdah, former BJD MLA Subarna Naik and former BJP MLA Hitesh Bagartti, who were former directors of NDCS, were let off after two hours of questioning.



"Baliyarsingh, Pattnaik and Parida misappropriated funds. The company illegally collected crores of rupees from people by luring them with high interest rates. If required, we will take them in remand for further questioning," said a CBI officer. "We suspect the company diverted huge money in real estate and other trades. Bank accounts of the accused are being verified," the officer said.