Bhubaneswar: The Economic Offences Wing (EOW) has frozen the bank balance of more than Rs 17 crore of the Sambandh Finserve Pvt Ltd, its Managing Director Deepak Kindo and others.
During investigation of a case of alleged fraud committed by the Sambandh Finserve in availing bank loan, the EOW identified 47 accounts maintained by the company and its officials with different nationalised and private banks and froze them. The available balance in the frozen accounts amounts to Rs 17,10,66,862.
It pertains to the case registered against Sambandh Finserve for availing loan of Rs 5 crore by producing forged document from Annapurna Finance Pvt Ltd.
During the investigation, the EOW came to know that Sambandh Finserve, represented though its MD Deepak Kindo, had fraudulently raised more than Rs 100 crore from different investors and lenders including Annapurna Finance, DCB Bank, Small Industries Development Bank of India (SIDBI), BOPA PTE Ltd, a Singapore-based company and DIA Vikash Capital Pvt Ltd.
The Sambandh Finserve officials had misappropriated the amount without using it for the purpose it was availed, the EOW stated in a release.
Earlier, the EOW had arrested Amrita Kindo, the wife of Dipak Kindo. She was the Managing Director (MD) of Diya Dairy And Agroprocessor Pvt Ltd in Bhubaneswar.
The EOW has ascertained Deepak Kindo and his wife Amrita Kindo and their closed relatives have maintained 47 bank accounts in their own names as well as in the names of their business establishments, firms and companies.
