Following the direction of the State Government, the Commissionerate of Police will soon file a proposal with the State Finance Department for property attachment of Artha Tatwa (AT) Group. The money circulation company is accused of duping thousands of investors of more than Rs350 crore.
Recently, the Government had asked Commissionerate police to expedite the process to attach property of the controversial AT Group Though the Kharvela Nagar police had arrested AT Group CMD Pradip Sethy on May 12 last and nabbed its six other functionaries in course of time, the process of confiscation of assets has been delayed. Around 25 cheating cases were registered against Sethy at different police stations in the State after his arrest in Bhubaneswar. He is still behind bars.
The police have so far seized assets worth Rs220 crore of the AT Group. “We have seized over 235 acres of land recorded in the name of the AT Group. We are likely to receive more information from revenue and tehasil officers in other districts about the AT properties. Cash of more than Rs2 crore in different banks was frozen and 13 luxurious vehicles were seized,” a police officer said.