CBI probe focusses on politicians in chit fund scam in Bhubaneswar

  |   27 October, 2014   |   1013   |   3980

Politicians remain the focus of the CBI investigation in the chit fund scam that has hit lakhs of low-income investors in Odisha. The CBI on Sunday quizzed two former MLAs — Hitesh Bagarti (Bharatiya Janata Party) and Subarna Naik (Biju Janata Dal) – while sitting BJD MP of Mayurbhanj, Ramachandra Hansdah, was summoned for the second time in three days.



Senior BJD MLA Pravat Tripathy was questioned on his alleged link with Artha Tatwa Group on Saturday. The MP and two former MLAs were thoroughly questioned about their association with Nabadiganta Capital Services Private Limited (NCSPL), a chit-fund company accused of duping investors. All three of them denied having received any remuneration from NCSPL and told the investigating agency that they were made ‘token’ directors without any functional roles. They said they had resigned from the group in 2012, but their resignations were accepted only in 2013.