file photo of pradip sethy
Bhubaneswar: The Special CBI Chief Judicial Magistrate (CJM) Court on
Thursday awarded seven years’ imprisonment and fine of Rs 30,000 to
Artha Tatwa (AT) Chief Pradeep Sethy in connection with the
multi-crore chit fund scam in Odisha.
According to the court, in case of default in payment of fine the accused shall serve imprisonment for a period of another six months.
AT Group Director Manoj Patnaik was also sentenced to undergo imprisonment for four years. In addition, he will have to pay Rs 10,000 as fine.
The AT Group has been directed to deposit Rs 250 crore before the court, failing which its properties will be attached, the court said.
Police arrested Sethy on May 13, 2013, following public outcry against chit fund fraud.
Bhubaneswar: In the wake of a controversy triggered by reports about a boy being projected…
New Delhi: A contestant appearing to mock actor Deepika Padukone's battle with depression on Samay…
Cuttack: Senior BJP leader and former minister Samir Dey breathed his last on Monday while…
Mahayuti vs Maha Vikas Aghadi - it's an electoral Mahabharat in Maharashtra, albeit a lot…
New Delhi: Former Delhi minister and senior AAP leader Kailash Gahlot, who resigned from the…
Bhubaneswar: A greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh will…
Bhubaneswar: Maintaining his opinion regarding the title of Sabyasachi Mohapatra’s upcoming film, ‘Randi Pua Ananta’— based…
New Delhi: A day after three women students drowned in the swimming pool of a…