bhubaneswar in the firstever conviction in the odisha mega chit fund scam a special cbi court here on tuesday sentenced a former managing director of eshore developers ltd to two years of rigorous imprisonment and slapped a fine of rs 72000 on him gouri sankar parida was accused of cheating hundreds of investors of more than rs 1 crore however the cbi managed to substantiate a fraud only to the tune of rs 4 lakh against him this is the first trial to be completed in the chit fund cases in which an accused has been convicted the cbi had registered the case on june 5 2014 the cbi had earlier taken over the investigation of fir no 102 dated june 3 2013 registered at the baliapal police station in balasore district said a cbi release cbi sources said eshore developers ltd was registered with the registrar of companies in cuttack on september 19 2011 within a short period the company allegedly lured a number of depositors from balasore district by promising them of high returns and thereafter misappropriated their investments the companys operations were mostly confined to balasore said a cbi officer on completion of the investigation a chargesheet was filed on september 30 2015 in the court of special chief judicial magistrate cbi under section 120b409420 of the ipc and sections 4 5 and 6 of the prize chits and money circulation schemes banning act 1978 against parida last week parida was produced in the cbi court where he resorted to theatrics with folded hands parida confessed to his crime before the judge and pleaded for a jail term said another cbi officer the cbi which started its probe in junejuly 2014 has so far submitted chargesheets against green india infra artha tatwa group seashore group micro finance nava diganta midas touch and zodiac foundation it has until now arrested 29 persons including ruling bjd mla pravat tripathy and mayurbhanj mp ramachandra hansdah in separate chit fund scams