BHUBANESWAR: Police on Sunday seized three vehicles, including an SUV and a power bike, owned by AT Group's CMD Pradip Sethi. He was arrested here on May 12 for allegedly running an illegal money circulation business in Odisha.
The Rs 67 lakh car and Rs 16 lakh superbike were recovered from two apartments in the city. Police have so far seized nearly 10 expensive cars, registered in the names of Sethi and AT Group staff. While police had information that the AT Group reportedly owned not less than 200 vehicles, they could establish ownership of only 25 vehicles.
Sources said Sethi had a penchant for costly cars and purchased a Jaguar (over Rs 1.33 crore), two Audis (each around Rs 78 lakh), a BMW and a Mercedes between 2011 and 2012. Police said Sethi had last year sold the BMW and Audis to repay some investors. The Jaguar was taken away by a private finance company in Kolkata after Sethi reportedly failed to pay Rs 3 lakh monthly EMI for some months.
Meanwhile, Sethi was sent back to Jharpada special jail here on Sunday after four-day grilling by police. Police had taken Sethi on remand for questioning on May 22 for the second time after his arrest.
On his way to jail, Sethi told mediapersons that he was cooperating with police in the investigation. "I am trying to repay the investors," Sethi said. However, he parried questions on whether he named any high profile politicians, whom he allegedly bribed, during police interrogation.