Bhubaneswar, Apr 16: In a major development to the multi-crore Astha chit fund scam, the special CBI court today, sentenced MD Santosh Sapkale & Director CS Chouhan of the group for 5-years of rigorous imprisonment. The court has also charge the duo with a fine amount of Rs 15,000 each or three more months of imprisonment if not paid.
The court has also directed the firm to deposit Rs 75 crore within the given dates, or else it’s properties will be attached.
Notably, on April 12, the duo, Sapkale & Chouhan of the Gujurat based chit fund firm had pleaded guilty of duping investor’s money of around Rs 100 crore.
