Chitfund scam: Six-day remand for Mayurbhanj MP, 2 ex-MLAs

A special CBI court today allowed the investigating agency to take the three politicians, including Mayurbhanj MP Ramchandra Hansda, arrested in the multi-crore chitfund scam, on a six-day remand after rejecting their bail petitions.
The three leaders - Hansda, former MLAs Subarna Naik and Hitesh Kumar Bagarti, arrested yesterday on the charge of criminal conspiracy, cheating and diversion of funds were produced before the special court here after a medical check-up.
The trio also happened to be the former directors of Nabadiganta Capital Service, a ponzi company that allegedly duped hundreds of investors.
Though CBI sought a ten-day remand for the three politicians, the special judge P L Satpathy allowed the investigating agency to take them on a six-day remand.

Counsel for the three politicians argued that their clients were innocent and cooperating with the investigation and there was no need to accept CBI's remand petition.
The CBI counsel submitted that the three leaders were active directors of Nabadiganta Capital Services and had operated the firm's bank accounts, conducted meetings of the company, adopted resolutions at company's meetings and drawn money from the company's bank account through self cheques.
Chairman-cum-Managing Director of the company Anjan Kumar Baliarsingh had also earlier claimed that the three leaders were actively involved with the activities of Nabadiganta Capital Service.