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CBI court awards 5-year jail term to former Astha chit fund CMD, director

The special CBI court in Bhubaneswar on Saturday awarded a five-year jail term to the then CMD and another director of the Astha chit fund company.

According to the reports, the court handed five-year jail term and fine of Rs 15,000 each to the former Astha group Chairman-cum-managing director (CMD) Santosh Kisan Sabkale and director of the company CS Chouhan.

Besides, the court convicted two companies – Astha International Ltd and Astha Goat Farming India Private Limited – of the Astha group and directed them to pay Rs 75 crore fine.