CBI takes Ranjan Das, two others on 7-day remand
Bhubaneswar: The CBI on Thursday took Ranjan Dash, chief of Swastik India Multi-State Cooperative Society, and two other promoters and directors of the firm on a seven-day remand for interrogation.
Reports said the CBI officials, who had arrested Das and the two directors of the firm—Sabyasachi Pani and Pramod Parida— on Wednesday, produced the trio in the CBI’s chief judicial magistrate (CJM) court on Thursday and applied to take them on eight-day remand, but the court granted remand for only seven days.
Besides, the CBI has also applied to take Jagabandhu Panda, former director of Artha Tatwa (AT) Group, on remand for his link with the Swastik India.
In course of its investigation, the CBI has come to know about the investment ofthe chit fund money in Balasore Bagha team, a franchisee of the Odisha Premiere League (OPL) in which he is the owner.
In this connection, the CBI officials had interrogated the treasurer and accounts officer of Odisha Cricket Association (OCA) here on Thursday.
CBI SP, Bhubaneswar, Rajiv Ranjan, had confirmed the arrest of Dash and the two promoters of Swastik India yesterday.
“We have arrested three persons, who are the prime accused,” he had said.
The CBI revealed that Swastik India had duped around Rs 22 crore from gullible depositors.
Apart from being the director of Swastik India, Dash was also a director with the Artha Tatwa (AT) group. He was arrested by the CBI in 2014 for his alleged links with the AT Group and its CMD Pradeep Sethy, who is presently lodged in Jharpada Jail in the capital city.
The Orissa High Court had granted him conditional bail on January 29 last year.
The court had imposed conditions that he shall deposit a bank draft of Rs 10 lakh, furnish a property surety of another Rs 10 lakh and two more sureties having solvency worth Rs 50,000 each. The court had directed him to submit his passport to the CBI.