Cops freeze Artha Tatwa accounts
Police have so far seized Sethi's eight SUVs and are trying to take possession over 17 other vehicles.
May 25, 2013
Source : The Times Of India

 

BHUBANESWAR: Police on Friday froze 245 accounts of the controversial Artha Tatwa (AT) Group and its arrested CMD Pradip Sethi in 10 banks in the state. However, the volume of deposits in those accounts is being verified.

 

"We have asked the bank authorities to send us the total amount deposited in the accounts," DCP Nitinjeet Singh said. Sources said the AT Group had in April, 2012 came under income tax department glare for alleged tax evasion of nearly Rs 30 crore. The income tax department had then frozen several bank accounts of Sethi.

Police have so far seized Sethi's eight SUVs and are trying to take possession over 17 other vehicles, including a Jaguar that he bought for over Rs 1.33 crore last year. "We understand the Jaguar was taken away by a private finance company in Kolkata after he failed to pay monthly EMI of Rs 3 lakh for a few months.

The Crime Branch on Thursday seized a BMW car of Seashore Group's MD Prasant Das.

 

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