AT Group property may also be liquidated
Nov 15, 2013
Source : The Pioneer


BHUBANESWAR: Like Seashore case, the Commissionerate Police may also urge the State Government for liquidation of Artha Tatwa (AT) company’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011, sources said.

“We are examining the files of the case and then we will think about attachment of company’s property for the purpose,” said Twin City Police Commissioner RP Sharma, adding, “We will take further steps after finishing the examining of the case.” The police have seized 13 vehicles, 234 acres of land in different districts of the State and other valuable properties from the company’s possession.

The Commissionerate Police on July 28 had filed a chargesheet based on 22 complaints at the Kharvel Nagar police station in the city. Earlier, the Commissionerate Police had filed a 515-page preliminary chargesheet about the company’s transaction and investment by embezzling investors’ money.

After these two companies, other chit-fund firms like Astha International, Sastra, Sarada Group and Flourish India are in the lines of annulment of their properties, said the sources


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