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CBI arrest BJD MLA Pravat Biswal in multi-crore chit fund scam

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Bhubaneswar: After  a gap of almost three years, the CBI today arrested ruling Biju Janata Dal (BJD) MLA Pravat Biswal for his alleged complicacies in the multi-crore chit fund scam.

According to sources, the CBI sleuths had summoned the Cuttack-Choudwar legislator on Monday night for further questioning him in connection with a land deal with M/s Seashore Group of Companies and later he was arrested.

Notably, Biswal and his wife were earlier quizzed several times during past three years by the investigating agency in connection of a controversial land belonging to the ponzi firm which is located in Jajpur and was registered in the name of Biswal’s wife  in 2012 for a consideration amount of Rs 25 lakh. The CBI is investigating into the source of that huge money.

The BJD lawmaker has been booked under section 120 (B) of IPC.

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