Odisha Channel Bureau Bhubaneswar, Dec 19: A Deputy Superintendent of Odisha Police, Pramod Panda was arrested by the Central Bureau of Investigation here today for his alleged involvement in the Odisha mega chit fund scam relating to the Artha Tatwa (AT) Group.Panda was formally arrested after the CBI officials interrogated him for the third consecutive day on Friday.According to sources, Panda derived undue financial benefits and was part of a conspiracy for duping investors who invested money in the schemes of AT Group.The investigating agency had reportedly found evidence that proved diversion of AT Group funds to the bank account of a city-based computer centre named Zee Institute of Creative Arts (ZICA), run by Panda’s wife Gitanjali Panda.The CBI officials had earlier raided Panda’s residence.A visiting card of AT Group head Pradeep Sethy and a letter that Sethy had written to Panda from the jail was found during the raid.Panda’s plea for anticipatory bail plea in the case was rejected by the Orissa High Court on Monday.Panda was suspended in February this year for allegedly threatening chit fund scam petitioner Alok Jena asking him to withdraw his case in the Supreme Court.The police officer, who earlier worked with the Crime Branch of Odisha Police, however, was reinstated in June and was posted as DSP, District Intelligence Bureau , Nayagarh.The CBI has recently filed a chargesheet against the AT group naming as many as 16 persons, including Sethy, senior BJD legislator Pravat Tripathy, former Advocate General of Odisha Ashok Mohanty.While all other accused are in judicial custody, Mohanty is on bail following his arrest by the CBI.
December 19, 2014
December 19, 2014
0 Comment
Related Articles:
- Ponzi scam: Chargesheet filed against Seashore Group
March 7, 2015, 6:03 am
- CBI questions BJD MP Rabindra Jena
January 12, 2015, 1:06 pm
- Court denies bail to Pravat Tripathy
December 8, 2014, 6:53 am
- ED attaches Seashore properties
December 3, 2014, 9:46 am
- BJD blackmailing CBI: Niranjan
November 24, 2014, 8:05 am
- Odisha chit fund scam: CBI finds Naveen Nivas link
November 22, 2014, 4:42 am
- BJD’s Pravat Biswal quizzed by CBI
November 21, 2014, 7:15 am
- CBI grills Pyari on chit fund scam
November 21, 2014, 5:19 am
- CBI raids Pyarimohan’s houses
November 18, 2014, 4:54 am
- ED grills Pyari in chit fund scam
November 17, 2014, 9:47 pm
Breaking News:
- Video appears to show Russian soldier saying 81% of his unit was wiped out after a week in Ukraine's most intense battle
December 11, 2023, 2:12 pm - Exclusive-Gaza captivity was 'Russian roulette', freed Israeli hostage says
December 11, 2023, 1:16 pm - Russia demands release of hostages in talks with Palestinians
December 11, 2023, 12:37 pm - Deadly golf cart crash at Florida RV park sent driver sailing across pond, cops say
December 11, 2023, 12:24 pm - Iraq scrambles to contain fighting between US troops and Iran-backed groups, fearing Gaza spillover
December 11, 2023, 12:16 pm - EU passes historic law that will impact the entire world: ‘This is highly significant and to be wholeheartedly commended’
December 11, 2023, 12:00 pm - Yamaha unveils new handlebar-less electric motorcycle concept — and it looks like it’s straight out of a sci-fi movie
December 11, 2023, 11:00 am - New Study Reveals The Personality Traits Associated With Dementia Risk
December 11, 2023, 10:45 am - A man lost more than 150 pounds after retiring by walking and tracking macros. Here's his routine.
December 11, 2023, 10:35 am - Bernie Madoff is long gone. The lawyers are going strong
December 11, 2023, 10:03 am