Mohanty, arrested for alleged link with the chit fund scam-tainted Artha Tatwa Group (AT), was produced in the court of the Special Chief Judicial Magistrate here.
Though CBI sought three days' remand for Mohanty, CJM Padmalochan Satpathy allowed two days to the central investigating agency.
CBI had earlier informed that Mohanty was arrested for allegedly abusing his official position and misappropriating funds of Artha Tatwa (AT) group of companies, which duped hundreds of investors in the state.
Mohanty was interrogated by CBI on September 13 for about 90 minutes based on information given by AT Group chief Pradip Sethi, who is in judicial custody.
Mohanty had rejected allegations that he received a house from Sethi.