The Central Bureau of Investigation (CBI) on Tuesday submitted chargesheet against another chit fund company, Sastra Enterprises Pvt ltd’s chief V Sampath in a local court here.
The company had collected money from gullible investors in the State through its branches in Baleswar, Bhadrak and Mayurbhanj districts promising lucrative returns and defrauded them of more than `150 crore.
On May 2013, the CBI had arrested Sampath from Chennai. He is now lodged at the Bargarh jail in Odisha.
Earlier this month, the Central investigating agency had conducted simultaneous raids at offices of the Chennai-headquartered company across the country, including in Odisha.
Meanwhile, depositors of the Green India chit fund company staged a dharna in front of the CBI office here demanding immediate confiscation of the
properties of the company, arrest of its remaining officials and refund of the deposited amounts.
Notably, in December 2014, the CBI had filed its first chargesheet against the Green India accusing it of defrauding depositors of `30 crore.
The chargesheet also named company CEO Pradeep Singh and directors Sunil Panda and Jitendra Mishra.