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MFL director gets 3.5 years imprisonment in chit fund case

Bhubaneswar, 07/07/2017 ( Odisha Samachar / Abhisek Mohanty )- : Micro Finance Limited (MFL) director Ashok Breaking News 2Kumar Patnaik was on Friday sentenced to three and a half years of rigorous imprisonment by the Special CBI Court here.

Besides imposing a fine of Rs 15, 000 on him, the court also asked Patnaik to deposit an amount of Rs 105 crore.

Patnaik was arrested by the CBI earlier on March 2014.

The chit fund firm had allegedly duped investors of Rs 400 crore by floating various ponzi scheme companies in the Odisha.

Odiaguru.com : Developping Odia News websites

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