Cuttack, Sept. 24 -- A Designated Court under the OPID Act in Cuttack today sentenced Pabitra Kumar Sahoo to 10 years imprisonment for defrauding investors of Rs.14 crore.

The Presiding Officer convicted Sahoo under Section 6 of the OPID Act, awarding him 10 years in prison and a fine of Rs.50,000. In case of non-payment of the fine, Sahoo will serve an additional three months in jail.

Additionally, the court imposed:

The court clarified all substantive sentences will run concurrently. Sahoo was ordered to pay a total fine of Rs.70,000.

The case originated when Swapna Paikray filed a complaint at the Capital Police Station against Sahoo, who was the Odisha Head of M/s Vibgyor Allied Infrastructure Ltd. Consequently, PS Case No. 235 of...