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Ponzi Scam: CBI Arrests Former Honorary Secretary of Odisha Cricket Association

CBI has arrested, former honorary secretary of Odisha Cricket Association, Asirbad Behera on the basis of a non-bailable warrant issued by a special court in the case.

PTI

Updated:September 19, 2019, 2:09 PM IST
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Ponzi Scam: CBI Arrests Former Honorary Secretary of Odisha Cricket Association
File Photo of CBI logo.

New Delhi: The CBI has arrested former honorary 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.

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