State

Chit Fund Scam: Pravat Tripathy took Rs 42 lakh from AT Group

Bhubaneswar, Dec 16: The CBI in its preliminary chargesheet in the Artha Tatwa (AT) group case has charged the Banki MLA Pravat Tripathy with receiving Rs 42 lakh from the AT Group in return for the patronage he extended to it.

The central agency claimed that the suspended BJD MLA had helped the Artha Tatwa Multipurpose Co-operative Society Ltd to be registered under the Assistant Registrar of Co-operative Societies within a short period of time.

During his tenure as the president of the Odisha State Cooperative Union, the legislator was the instrumental in conferring Sethy with the Best Youth Cooperator Award instituted by Odisha Cooperative Union without any noteworthy contribution or achievement on the part of the awardee and that too within 15 days of Artha Tatwa Multipurpose Cooeprative Society Limited getting registered.

The 233-page chargesheet (9/2014) holds Tripathy guilty under sections 120-B, 406, 409, 411, 420, 468, 471 of IPC and sections 4, 5 and 6 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

He had asked Sethy to finance Banki Mahotsav. The taped conversation between the Sethy and Tripathy, in which the MLA had sought favours from the AT chief, was found to be genuine after the test at the Central Forensic Science Laboratory (CFSL) in New Delhi, the chargesheet added.

On the other hand, Pradeeep Sethy, the CMD of AT Group, had cashed in on the award to win the confidence of the investors and to lure them into investing money in AT group of companies. This is evident from the statements of the duped investors that they were encouraged to invest their money after showing them the photographs of Sethy receiving the Best Youth Cooperator award, the chargesheet said.

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