Ponzi scam: Court awards 3 yr jail term to Nabadiganta chief, 4 yr to Real Tulip chief

Bhubaneswar: The Special CBI Court on Friday awarded four year jail term for Real Tulip India Ltd (RTIL) including Managing Director Tirtha Haldar.
Besides, the court also sentenced four other directors of the company– Dipankar Ghosh, Malay Halder, Prasenjit Sil and Malay Kumar Guha to undergo a three year jail term.

In its verdict, the court also directed to deposit Rs 29 crore with court’s registry which shall be paid to the depositors as compensation as per the law.

Also Read: Nabadiganta scam: Court to decide quantum of punishment today
In another development, prime accused in the multi-crore Nabadiganta Chit fund scam, the court also awarded three year jail term to Anjan Baliarsingh.
Earlier, Baliarsingh had pleaded guilty to all charges before the special court here on Tuesday.
The conclusion of trial in the case is likely to spell trouble for three political leaders, including sitting MP from Mayurbhanj Ramchandra Hansda, who are co-accused in the case.
Hansda, and former legislators Subarna Naik and Hitesh Bagarti, who were also directors in Nabadiganta, have been arrested by CBI for their alleged complicity in the financial fraud.