Post News Network
Bhubaneswar, Jan 6: The Khurda district and sessions court Tuesday allowed the Enforcement Directorate (ED) to take the chairman and managing director (CMD) of Artha Tatwa (AT) group Pradeep Kumar Sethy on a 10-day remand.
ED sources said, “The agency wants to interrogate him on the money trail and track down the crores of rupees the AT group had collected from lakhs of unwary investors in the state.”
The Khurda district and sessions court had allowed the ED December 25, 2014 to take Sethy on remand. The court had fixed the next date of hearing for January 6, 2015 and directed the ED to move the court January 6 on the number of days it wants to take Sethy on remand.
Sethy was arrested May 13, 2013 and sent to jail on charges of cheating investors in different parts of Orissa.
Before being whisked away by the police, Sethi had told the media the AT Group had taken the help of politicians and other influential persons.
Preliminary investigations by police have showed that Sethi’s AT Group had duped several investors to the tune of `130 crore.
A retired DIG of police was the first to file an FIR against AT Group for duping him of `17 lakh at Kharvel Nagar police station here February 7, 2013.
