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CBI arrests Mumbai broker in Orissa chit fund scam

CBI officials who interrogated Pareek, said the stockbroker invested AT Group’s money in the stock market.

By: Express News Service | Bhubnesshwar | Published: September 22, 2014 12:49 am

The CBI on Sunday arrested Mumbai-based stock broker Deepak Pareek and real estate broker Dharmendra Bothra over their alleged links with chit fund group Artha Tatwa after interrogating them on Saturday evening.

Pareek, who was working with Mumbai-based stock and trading company Yash Trading and Finance earlier, became the director of Artha Tatwa Capital, a public limited company in 2009. The company was listed at the Bombay Stock Exchange.

CBI officials who interrogated Pareek, said the stockbroker invested AT Group’s money in the stock market. Pareek during interrogation gave information on the money trails and investments made by the AT Group in the stock market. He also obtained a licence from Sebi and MCX for the AT Group.

Later in the day, a special CBI court rejected the bail petitions of Pareek and Bothra. The court allowed the CBI to take Bothra on a four-day remand while sending Pareek to judicial custody till September 30. On August 16, the CBI had conducted searches at the residences of Pareek and a TV serial producer in Mumbai.

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