CBI arrests ex-AG of Odisha over involvement in Saradha scam
Former Advocate General of Odisha, Ashok Mohanty, was arrested by the Central Bureau of Investigation (CBI) on Monday on charges of misappropriation of funds of Arthatatwa group and misuse of position for personal benefit.
He was arrested from his residence in Cuttack.
Mohanty had earlier been interrogated by the police on September 13, a day after his resignation was accepted bythe Odisha Government, in connection with the Saradha chit-fund scam.
The CBI has registered a total of 48 cases in the Saradha chit-fund scam bringing under its lens regulatory body like the Securities Exchange Board of India (SEBI) and the Ministry of Corporate Affairs.
There are four FIRs against the Saradha Group in which it is alleged that thousands of investors were allegedly duped by the company officials and their associates who swindled their deposits.
The Supreme Court had in May directed the CBI to probe the Saradha scam.