The Special Chief Judicial Magistrate (CJM) Court on Monday rejected the bail pleas of three arrested politicians, Mayurbhanj BJD MP Ramchandra Hansdah, former Keonjhar BJD MlA Subarna Nayak and former Khariar BJP MlA Hitesh Bagartti, and sent them to Jharpada Jail here on a 13-day judicial custody.
Earlier in the day, the leaders arrested by the CBI on November 4 had been produced before the court after being medically examined as the term of their six-day CBI remand ended on Monday.
During its interrogation, the CBI had found that the three politicians were active directors of the chit find company Nabadiganta Capital Services and were operating the firm’s bank accounts. It was found that they had conducted meetings of the company, adopted resolutions at the meetings and drawn money from the company’s bank account through self cheques.
Earlier, the Central investigating agency had arrested company CMD Anjan Kumar Baliarsingh and two directors Kartikeya Parida and Pradeep Patnaik on October 26. They are in jail after a special CBI court rejected their bail pleas on November 1.
Notably, the company directors duped several investors of Rs 8 crore through public deposits.