Chit fund: CBI questions BJD MLA over award nomination

Written by Debabrata Mohanty | Bhubaneswar | Published:October 26, 2014 3:16 am

About a week after the Orissa High Court rejected his anticipatory bail petition in chit fund scam, the CBI on Saturday interrogated senior BJD MLA Pravat Tripathy after it emerged that he had nominated chit fund group Artha Tatwa’s chief Pradeep Sethy for a state-sponsored cooperative award.

Tripathy, who was interrogated for the fourth time by the CBI, was questioned for 90 minutes over him nominating Sethy for the “Best Youth Cooperator” award in 2010 by Orissa State Cooperative Union, a government-run Apex Cooperative Society.

Two days ago, The Indian Express had reported how Tripathy, then president of the Union, a powerful cooperative body in Orissa which counts all state-based cooperative societies as its members, had recommended Sethy’s name for the award, barely a fortnight after the latter formed Artha Tatwa multipurpose cooprative society.

The award was given to Sethy on November 17 during the celebration of 57th all India cooperative week, 14 days after he formed the multipurpose cooperative society under Orissa Cooperative Societies Act. Sethy applied for the award on November 9 which was then recommended by Tripathy to the secretary of the Union on November 15. The award helped Sethy collect money from unsuspecting investors in rural and urban Orissa.

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