Kolkata-Based Ponzi Firm’s Director Arrested For Duping Odisha People Of Rs 15 Cr
Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch arrested director of a Kolkata-based chit fund company for duping investors to the tune of Rs 15 crore.
The arrested director of Mass Infra Reality Ltd chit fund company from Kolkata, Tapan Kumar Samanta, has been brought to the state on transit remand. He will be produced before the designated chit fund court in Balasore during the day.
According to the EOW, Samanta was arrested in Kolkata on March 6 in connection with a case registered against him in August, 2019. After producing him in Baruipur Additional CJM court in Kolkata, police secured a transit remand and brought him to Odisha.
In July last year, CMD of the company Pratap Kumar Biswal was arrested basing on a complaint filed against him and other six directors for allegedly duping depositors. Mass Infra along with Human Welfare Credit & Thrift Co-operative Society Ltd has been allegedly cheating people of their hard-earned money on the pretext of providing high returns on their investment.
The complaint was filed by one Sukadev Hota of Soro who alleged that he along with many other depositors were cheated of crores of rupees by the six directors by assuring high rate of interest on their deposits.
The company managed to collect around Rs 15 crore from several investors before absconding.