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Chit fund: CBI gets MLA for 14 days

On October 20, the Orissa HC had rejected Tripathy’s anticipatory bail application.

By: Express News Service | Bhubaneswar |
November 2, 2014 3:52:41 am

A city court allowed the CBI to take suspended BJD MLA Pravat Tripathy in remand for 14 days on Saturday, a day after he was arrested in the multi-crore chit fund scam. Tripathy, the first politician to be arrested in connection with the scam, has been accused by the CBI of hatching a criminal conspiracy with chit fund group Artha Tatwa and receiving money from it.

On October 20, the Orissa HC had rejected Tripathy’s anticipatory bail application as CBI argued that granting him bail would harm the case, considering that the money trail is yet to be established.

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