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Ponzi scam: CBI arrests former secy of Odisha Cricket Association

Ashirbad Behera, former honorary secy of Odisha Cricket Association has been arrested by CBI in connection with the Ponzi scam involving Artha Tatwa group. It is alleged that the accused received a sum of Rs 1 crore from the said group of companies in the garb of sponsorship of the Odisha Ranjit Cricket Team and title sponsorship of Odisha Premier League 2011.

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Published : Sep 19, 2019, 1:49 PM IST

Updated : Sep 19, 2019, 2:30 PM IST

Ponzi scam: CBI arrests former secy of Odisha Cricket Association

New Delhi: The CBI has arrested former honorary secretary of Odisha Cricket Association, Ashirbad Behera from Cuttack in connection with a probe into a ponzi scam involving the Artha Tatwa (AT) group, officials said on Thursday.

The agency has arrested Behera on the basis of a non-bailable warrant issued by a special court in the case, they said.

Ponzi scam: CBI arrests former honorary secy of Odisha Cricket Association
CBI arrested Ashirbad Behera in connection with the Ponzi scam on Thursday.

It had filed a supplementary charge sheet on August 27 making Behera an accused in the case, they added.

In its charge sheet, the agency has alleged that the Association, through Behera, the then honorary secretary, acted in a criminal conspiracy with the Artha Tatwa group and promoted it to boost its credibility in the eyes of the public, they said.

It helped in attracting more investment in the different Ponzi schemes floated by the Artha Tatwa group.

It is alleged that the accused received a sum of Rs one crore (approx.) from the said group of companies in the garb of sponsorship of the Odisha Ranjit Cricket Team and title sponsorship of Odisha Premier League, 2011.

Read:| Modi government misusing LIC funds: Congress

New Delhi: The CBI has arrested former honorary secretary of Odisha Cricket Association, Ashirbad Behera from Cuttack in connection with a probe into a ponzi scam involving the Artha Tatwa (AT) group, officials said on Thursday.

The agency has arrested Behera on the basis of a non-bailable warrant issued by a special court in the case, they said.

Ponzi scam: CBI arrests former honorary secy of Odisha Cricket Association
CBI arrested Ashirbad Behera in connection with the Ponzi scam on Thursday.

It had filed a supplementary charge sheet on August 27 making Behera an accused in the case, they added.

In its charge sheet, the agency has alleged that the Association, through Behera, the then honorary secretary, acted in a criminal conspiracy with the Artha Tatwa group and promoted it to boost its credibility in the eyes of the public, they said.

It helped in attracting more investment in the different Ponzi schemes floated by the Artha Tatwa group.

It is alleged that the accused received a sum of Rs one crore (approx.) from the said group of companies in the garb of sponsorship of the Odisha Ranjit Cricket Team and title sponsorship of Odisha Premier League, 2011.

Read:| Modi government misusing LIC funds: Congress

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Ponzi scam: CBI arrests former honorary secy of Odisha Cricket Association
         New Delhi, Sep 19 (PTI) The CBI has arrested formerhonorary secretary of Odisha Cricket Association, Asirbad Behera from Cuttack in connection with a probe into a ponzi scam involving the Artha Tatwa (AT) group, officials said on Thursday.
         The agency has arrested Behera on the basis of a non-bailable warrant issued by a special court in the case, they said.
         The agency had filed a supplementary charge sheet on August 27 making Behera an accused in the case, they said.
         In its charge sheet, the agency has alleged that the Association, through Behera, the then honorary secretary, acted in a criminal conspiracy with the Artha Tatwa group and promoted it to boost its credibility in the eyes of public, they said.
         It helped in attracting more investment in the different ponzi schemes floated by the Artha Tatwa group.
         It is alleged that the accused received a sum of Rs one crore (approx.) from the said group of companies in the garb of sponsorship of the Odisha Ranjit Cricket Team and title sponsorship of Odisha Premier League, 2011. PTI ABS
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Last Updated : Sep 19, 2019, 2:30 PM IST

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