Chief Judicial Magistrate of Khurda P M Samal pronounced the jail term for Prabhat Nanda and Rabeya Begum of East Coast Mutual Trust for Trade and Commerce and fined them Rs 50,000.
In the event of non-payment of penalty, the duo would have to undergo additional jail term for six months, he ordered.
The two had been arrested here in 2013 following a complaint lodged with the police by one of the depositors that the money circulation company had defrauded him of Rs 1.5 lakh.
Two officials of the company are still at large.
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