After conducting several raids on the Artha Tatwa (AT) Group offices, the CBI on Tuesday detained a co-founder of AT Group and founder member of the Swastik India Multi-State Cooperative Agency Ranjan Dash for interrogation in connection with the scam. The CBI detained Dash from Badagada Brit Colony area of the city.
Sources in the CBI said Dash had worked in the AT Group for some months and then left the company after having an altercation with company CMD Pradip Sethy, who is now in the Jharpada jail here. later Dash launched his new chit fund firm Swastik India to begin his business, added the sources.
The CBI sources also informed that the agency would grill Dash to unearth more information regarding his connections with the AT Group. Sources further informed that Dash with the help of a BJD leader had opened branches of his company at several places in the State. He had collected more than Rs 100 crore from the investors by promising hefty returns.
Dash had opened two offices in the city. Besides, his company had opened its offices at Ahmadabad, Bengaluru, Chandigarh, Chennai, New Delhi, Coimbatore, Hyderabad and Jaipur.