Court Grants Remand of AT Bosses for 1 Day
Cops decided to interrogate Manqj and then confront him with Sethi
Jul 03, 2013
Source : The New Indian Express


BALASORE: The Sub-divi­sional Judicial Magistrate of Balasore on Tuesday granted remand of Artha Tatwa Group CMD Pradip Sethi and director Manoj Patnaik for one more day. Earlier, Sethi was taken on a two-day remand.

Though police had sought their remands separately, the court allowed only one day. Following the court or­der; while Patnaikwastaken on the remand on Tuesday, Sethi is expected to be inter­

rogated on Wednesday. Initially, police were plan­ning to confront Sethi with Patnaik to ascertain the ve­racity of the data and infor­mation the former had given during his remand period.

Later, it decided to inter­rogate Patnaik first and then confront the duo. "We would gather details on his unlaw­ful financial activities in the district besides the activities of Sethi and other officials of his company," a police offi­cial said.

Police said during inter­rogation, Sethi claimed to have mobilised nearly 50 crore from Balasore district and purchased landed prop­erties. While some of the investors have already been provided with land plots as per the agreement with them, many are still in the queue.

Meanwhile, the remand period of Mid East Multi­State Credit Cooperative Ltd's CMD Debesh Kumar Nayak has been completed and he was sent to judicial custody. He was taken on a three-day remand by the Town police.

"Nayak admitted to have collected nearly 20 crore from Balasore district alone," informed the official. The Mid East CMD was produced in the court after medical examination and landed once again in jail after the court denied him bail. While

AT Group has been accused of duping 120 crore in oth­er areas of the State on the pretext of doubling the initial investment in three years, Mid East had allegedly mo­bilised 100 crore from at least six districts of the State.

AT Group chief had re­portedly admitted to have mobilised nearly 300 crore from the State and purchased nearly 200 acres of land in various towns including Balasore, Berhampur, Sam­balpur and in and around Bhubaneswar.



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