The Special CJM CBI Court here on Friday sentenced Nabadiganta Financial Services limited chairman and managing director Anjan Baliarsingh to three years in jail and pay a fine of Rs 15,000.
The court also asked Baliarsingh to depositRs 10 crore with the court registry. The company was alleged to have duped Rs 15 crore from the investors in the State.
A couple of days ago, Baliarsingh had pleaded guilty of the charges levelled against him. The conclusion of trial in the case is likely to land Mayurbhanj sitting MP Ramchandra Hansdah and former MlAs Subarna Naik and Hitesh Bagarti, who were also directors in Nabadiganta, in a soup.
Baliarsingh, along with two directors of the company Kartikeya Panda and Pradeep Patnaik are lodged at the Jharpara Special Jail here.
In another development in the chit fund scam on Friday, the Real Tulip chit fund company managing director was awarded a four-year jail term and three directors of the firm got three-year prison terms. The company was asked by the CBI CJM Court to deposit Rs 29 crore.