Home » State News » ATGroup Chief Pradeep Sethy and two other directors of the Ponzi firm sentenced seven years jail

ATGroup Chief Pradeep Sethy and two other directors of the Ponzi firm sentenced seven years jail

Bhubaneswar: 31/7/17:The Chief Judicial Magistrate (CJM) Court, here today sentenced Artha Tatwa (AT) Group Chief Pradeep Sethy and two other directors of the Ponzi firm to seven years of imprisonment in connection with a case pertaining to chit fund scam registered at the Kharavela Nagar police station in the Odisha capital.

The court also sentenced two other directors of the AT Group Manoj Patnaik and Sri Krushna Padhi to seven years in jail along with Sethy in the case.

“Pradeep Sethy, Manoj Patnaik and Srikrushna Padhi have been sentenced to seven years imprisonment by the CJM Court. They were found guilty under sections 420, 406 and 120B of the IPC. Under section 420 they have been sentenced to seven years imprisonment and fine amounting to Rs 50,000. This case was lodged by one Priyabrat Mallick who had invested Rs 2.5 lakh in Swarna Artha Tatwa Scheme and was promised Rs 1,200 per month,” informed Public Prosecutor B N Mohanty to reporters outside the CJM’s Court.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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