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Chit fund scam: Mayurbhanj MP Hansdah appears before CBI

18/09/2018 at 3:57 PM


Bhubaneswar: Mayurbhanj MP Ramchandra Hansdah, who was arrested by Central Bureau of Investigation (CBI) in November 2014 for his alleged complicity in the Nava Diganta Capital Services Limited (NDCSL) chit fund scam and granted bail by the Supreme Court in July this year, appeared before the CBI here in connection with the case.

Sources said it was a routine appearance of the MP as part of the investigation process.

Hansdah was the founder director of the Nava Diganta Capital Services, one of the 44 chit fund companies being probed by the CBI by the order of the Supreme Court.

The company had accused of raising Rs 15 crore from people promising attractive returns in the State. However, the company did not return money to the investors.

The CBI had raided on Hansdah’s house in July 2014 and had seized cash worth Rs 28 lakh and some crucial documents. Subsequently, CBI had arrested the Hansdah on November 4, 2014.

Hansdah, who was elected MP from Mayurbhanj on a BJD ticket was suspended by the party president and Chief Minister Naveen Patnaik soon after his arrest.

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