The Enforcement Directorate (ED) on Friday attached assets of the Artha Tatwa (AT) Group, its managing director Pradeep Kumar Sethy and others in its chit fund scam.
“The ED attached assets worth Rs 23 crore of theArtha Tatwa Group, PK Sethy and others in the chit fund scam in Odisha. The total attachment now stands at Rs 107 crore,” an ED official said. Sethy has been in jail since May 2013 after he was arrested by the State police for duping thousands of investors in Odisha by floating various fraudulent schemes. The Central Bureau of Investigation (CBI), which took over the probe into the chit fund scam following a direction of the Supreme Court, has estimated that the AT Group defrauded thousands of depositors of a total of about Rs 1,200 crore. The ED has been probing the case under provisions of the Prevention of Money laundering Act.
Meanwhile, sources said the Bhubaneswar CBI would bring on remand for interrogation West Bengal Trinamool Congress MP Tapas Pal, who was arrested on Friday in Kolkata in connection with the Rose Valley chit fund scam in Odisha.
