A Special CBI Court here on Friday awarded three-year terms to Anjan Baliarsingh, Chairman and Managing Director of Nabadiganata Capital Services Pvt. Ltd., in chit fund scam in Odisha. Another firm's MD was given four-year term in a different case.
The Central Bureau Investigation court also directed Baliarsingh to deposit Rs 10 crore with the court registry, which shall be paid to depositors as per the law.
Baliarsingh, arrested in 2014 in the multi-crore scam, was found guilty of all charges.
The company had allegedly collected about Rs 15 crore from the public through its branches in Puri and Cuttack districts between 2011 and 2013 on the promise of giving huge returns on deposits.
In another case, chit fund company Real Tulip India Ltd. Managing Director was awarded a four-year jail term while four Directors were handed out three-year terms.
Those convicted are Dipankar Ghosh, Malay Halder, Prasenjit Sil, Tirtha Halder, and Malay Kumar Guha.
The company was asked to deposit Rs 29 crore in the court.
--IANS
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