CBI takes AT Group chief on remand for 3 more days

CBI, which is probing chitfund scam in Odisha and other states, today took Artha Tatwa (AT) Group chief Pradip Sethi and its accountant Srikrushna Padhi on remand for three more days.
Chief Judicial Magistrate Padmalochan Satpathy extended the remand period of the duo, who were produced in the court after completion of their 10 days remand in CBI custody.
Sethi and Padhi were arrested by Odisha police last year and lodged at the special jail here.
CBI had interrogated one of AT's director Sambit Khuntia and one of its founding directors Joytiprakash Joyprakash in connection with their alleged involvement in the multi-crore rupees Saradha ponzi scam.

CBI has registered 44 FIRs in Odisha against as many ponzi scheme companies.
Supreme Court had handed over the Saradha scam to CBI and had asked the state governments to provide all logistical help to the agency's team probing the matter.
CBI has formed a Special Investigating Team headed by Joint Director Rajiv Singh to also probe the role of Securities Exchange Board of India and RBI.