Bhubaneswar:18/7/17: The Special Central Bureau of Investigation (CBI) in the Odisha capital today sentenced former CMD of chit fund firm Micro Finance Ltd (MFL) Durga Prasad Mishra to three years rigorous imprisonment (RI).
Further, the court ordered Mishra to deposit Rs 215 crore with it for payment of compensation to duped investors failing which it would attach his properties.
Earlier, on Friday last, the court had convicted Mishra who had pleaded guilty before it in writing to the charges framed against him by the CBI.
Mishra was arrested by the CBI in December 2014. MFL has allegedly duped depositors of over Rs 500 crore across the country. The company had over 420 branches across the country. Over 13 cases of fraud were registered against the company.It is worthy to note that Durga Prasad Mishra had owned MBC TV
He is currently lodged in the Jharpada Special Jail here.