Home » State News » EOW of Odisha Crime Branchorder for equitable distribution of Rs 63.55 crore of HITECH Group among the investors.

EOW of Odisha Crime Branchorder for equitable distribution of Rs 63.55 crore of HITECH Group among the investors.

Bhubaneswar:5/8/17: In an attempt to provide relief to investors who were taken in for ride by Hi-tech group of companies, the Economic Offence Wing (EOW) of Odisha Crime Branch has moved the government for issuance of ad-interim attachment order for equitable distribution of Rs 63.55 crore deposited made by the company amongst the investors.

It may be recalled here that Tirupati Panigrahi, Tirupati Choudhury and Madhusudan Panigrahi, the managing director and directors of hi-tech group of companies had deposited an amount of Rs 63,55,49,227 as condition for bail as per the order of Supreme Court.

Following deposit made by Hi-tech group the deposit of the above amount, the state government had earlier moved the apex court for granting permission under section 3 of Odisha Protection of Interests of depositors (in Financial Establishments) Act, 2011 for equitable distribution of the deposited sum amongst the duped investors. The apex court in a order dated 25 July 2017 had accorded sanction for attachment of the sum for distribution amongst the investors.

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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