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Odisha Chit Fund Scam: BJD MLA Pravat Tripathy arrested by CBI

 

Picture source: New Indian Express

Bhubaneswar,

Last updated 06 Jul 2016 01:02 IST

  Odisha, Chit Fund Scam, BJD, Pravat Tripathy
The arrest of Pravat Tripathy not only established political link in the mega chit fund scam but also unsurfaced links of BJD leaders in the scam. The fresh development in the investigation would largely tarnish the image of Naveen Patnaik government, which time and again claims to be a transparent government.
 

As the first political leader, the former Chief Whip and Biju Janata Dal (BJD) MLA from Banki assembly constituency, Pravat Tripathy was arrested by the Central Bureau of Investigation (CBI), on October 31, 2014, in connection with the illegal money spinning business by cooperative chit fund firm Artha Tatwa Group.

As quoted by Odisha Sun Times, confirming the arrest of Tripathy, the chief information officer of the CBI Kanchan Prasad said, “Mr Pravat Tripathy, BJD MLA from Banki in Odisha has been arrested by the CBI in Odisha in the Artha Tatwa case in the ongoing chit fund scam on charges of criminal conspiracy and the allegation that he had received huge sum from the Artha Tatwa Group.”

Tripathy went to the CBI office today as he was summoned for interrogation. Tripathy’s attempt to obtain an anticipatory bail failed as the High Court rejected his plea on October 20, 2014.

Soon after Tripathy’s arrest by the CBI, the ruling party BJD disowned Tripathy by suspending him from the party.

However, many other leaders of BJD have been quizzed by the CBI for having alleged connection with ponzy firms engaged in illegal chit fund business in the state.

It was on October 26 that BJD MP from Mayurbhanj Ramachandra Hansda along with former BJP MLA from Nuapada Hitesh Bagarti and another former BJD MLA from Keonjhar, Subarna Nayak, were quizzed by the CBI. As per reports, all three of them had close links with Nabadiganta Capital Services in the past.

 

Quotation starts

Though involvement of ruling party leaders in several other scams including the huge mining scam has been alleged, this is the first time that a sitting BJD MLA is arrested for alleged link in the chit fund scam.

Quotation ends

It was during a raid in July this year, CBI had seized about the Rs 28 lakh worth of cash from the Rairangpur residence of Hansda, which Hansda claimed as his ‘own money’ kept for renovation of his house.

Earlier, Pranab Balabantaray, another ruling party MLA, was also summoned by the CBI for interrogation. It is believed that CBI may interrogate several more senior leaders of the party, some of whom are even in the council of Ministers of Naveen Patnaik, in this connection.

The arrest of Pravat Tripathy not only established political link in the mega chit fund scam but also unsurfaced links of BJD leaders in the scam. The fresh development in the investigation would largely tarnish the image of Naveen Patnaik government, which time and again claims to be a transparent government.

Though involvement of ruling party leaders in several other scams including the huge mining scam has been alleged, this is the first time that a leader of the BJD party, who again is a sitting MLA, is arrested by the central investigating agency for alleged link with a chit fund operator and the multi crore rupees scam.

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