Twin City

Shastra chit fund chief V Sampad gets 4-year jail term


Bhubaneswar: The Special CBI Court here today sentenced 4-year jail term to chief of Shastra chit fund firm V Sampad with imposing a fine of Rs 15,000.

The Court also asked him to deposit Rs 50 crore that the ponzi firm had duped investors’ money and garnered crores in the chit fund fraud.

Earlier main accused in the multi-crore Nabadiganta scam, Anjan Baliarsingh was awarded with three-year imprisonment. The verdict followed just three days after he pleaded guilty of all charges framed against him.

Besides, the court also directed Baliarsingh to pay Rs 10 crore with court’s registry as compensation for returning it to the depositors.


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