Berhampur: Police on Sunday arrested the managing director of chit fund company Binodini Projects Limited on charges of cheating depositors of more than Rs 68.83 lakh in Odisha and outside.
In 2010, the company had collected deposits from the people promising high returns through its branch offices in Ganjam district and Surat of Gujarat. When the depositors did not get back the promised return, they gheraoed the branch office in Ayodhyanagar.
As the company officials did not return the money despite persistent demands, the depositors lodged a complaint at Baidyanathpur police station in March 2018 against Binodini Projects and its MD Dhiren Kumar Swain. After registering a case, the police launched an investigation.
Investigations revealed that Swain had defrauded at least 523 depositors in Ganjam, Surat and Chhattisgarh.
Swain was arrested under different sections of IPC and Section 6 of the OPID Act 2011 and forwarded to the court.
Lucknow: Three terrorists accused of lobbing a grenade at a police post in Punjab’s Gurdaspur…
Malkangiri: If things go as per plan, flight services between Odisha’s Malkangiri town and Visakhapatnam…
Bhubaneswar: Unidentified miscreants allegedly attacked a man and kidnapped his female friend in Maitri Vihar…
Balasore: A young man was allegedly beaten to death on the suspicion of having committed…
Mumbai: Bollywood celebrities have often had funny, at times bizarre experiences, mostly involving hero-worshipping, demanding fans.…
Bhubaneswar: Police have arrested the owner of a Jatra (theatre) group for allegedly duping an…
This website uses cookies.