Bhubaneswar: A team of Serious Fraud Investigation Office (SFIO) interrogated five accused in Artha Tatwa (AT) chit fund scam including the ponzi firm chief Pradeep Sethy for the third consecutive day at Jharpada jail here Wednesday.
The team interrogated Sethy and his associates Manoj Patnaik, Jyotiprakash Jayprakash, Srikrushna Padhi and Deepak Parekh.
Speaking to the media persons, SFIO additional director Manoj Kumar Sahoo said, “We are investigating whether they have violated Companies Act and whose permission they have taken before floating the deposit schemes.”
“We will also check the company’s documents and financial transactions. A fresh case will be registered against the AT group for violation of Companies Act, if evidence in this regard is found,” added Sahoo.
The SFIO has also said that it may further investigate the massive fraud by other chit fund companies.
Notably, special CBI court here January 25 had directed the SFIO to probe the multi-crore rupees AT Group chit fund scam in the state.
Sethy has been in jail since May 2013 after he was arrested by the state police for duping thousands of gullible investors by floating various fraudulent schemes.
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