Chit Fund Firm MD Gets 5-Yr Jail Term

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Berhampur: The Odisha Protection of Interest of Depositors (OPID) court here on Thursday sentenced SS Depositors MD Santosh Tiadi to five-year imprisonment for duping investors in Odisha.

The court also slapped a fine of Rs 11.5 lakh on him. Six other employees of the Ponzi firm were awarded two-year jail term with Rs 2 lakh fine each.

The chit fund company had allegedly duped 30 lakh depositors by alluring them with high returns.

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