COURT SENTENCED 5 TOP OFFICIALS OF CHIT FUND FIRM REAL TULIP INDIA LTD. TO 4 YEARS FOR DEFRAUDING INVESTORS :

The Special CBI court, Bhubaneswar sentenced five top officials of a Ponzi firm for defrauding investors.  The court sentenced MD of Real Tulip India Ltd (RTIL) to four years and four directors to three years each.  The convicted have been identified as Dipankar Ghosh, Malay Halder, Prasenjit Sil, Tirtha Halder and Malay Kumar Guha.  Besides, the court also directed to deposit Rs 29 crore with court’s registry which shall be paid to the depositors as compensation as per the law.  Notably, the sentencing comes ten days after the five accused on May 2 had pleaded guilty of all charges before the court.   The Odisha Sun Times Bureau : 12th. May,17

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