Bhubaneswar: The chargesheet against chit fund firm Nabadiganta submitted by the CBI, has revealed the modus operandi of the accused – BJD MP Ramchandra Hansda, former BJD MLA Subarna Nayak and former BJP MLA Hitesh Bagarti, i.e. how they used to siphon off depositors’ money via banking channels.
According to the chargesheet, the trio used to receive money transferred from Nabadiganta’s account wwith the Jagatsinghpur branch of a bank. It shows that Rs 2.612 lakh, Rs 1.66 lakh and Rs 66,000 were taken from this account by Hansda, Bagarti and Nayak respectively.
The chargesheet also mentions that Hansda along with six other accused floated four different companies, namely Nabadiganta Capital Services, Nabadiganta Properties Limited, Nabadiganta Projects Limited and Nabadiganta Agro Industries Limited. All these companies were registered with the registrar of companies between 2011 and 2012.
According to company officials, all the six accused were involved in the day-to-day activities of the company and were the active directors. Promising high interest rates and returns, they used to lure agents and investors for the schemes floated by these companies. They also organized many investors’ meets in Bhubaneswar for the same.
Excluding interest, Nabadiganta Capital and Nabadiganta Agro owed Rs 8.39 crore to investors which were siphoned off by the accused, the chargesheet noted. It has also highlighted how the accused criminally conspired and blatantly flouted RPBI norms and Companies Act.
According to the CBI officials, investigations are on to unearth the larger conspiracy and possible involvement of various agencies like Registrars of Companies, RBI and SEBI.