Balasore

Kolkata-Based Ponzi Firm’s Director Arrested For Duping Odisha People Of Rs 15 Cr

By
OB Bureau

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.

OB Bureau

Recent Posts

Centre Approves Repatriation Of IAS Officer SK Mishra To Parent Cadre Odisha

Bhubaneswar: The Central government has approved repatriation of IAS officer Sanjeeb Kumar Mishra to Odisha…

November 12, 2024

30 Artists Draw Paintings On Life of Odisha’s 1st CM Harekrushna Mahatab At Camp In Bhubaneswar

Bhubaneswar: As part of the 125th birth anniversary celebration of Odisha's first Chief Minister ‘Utkal…

November 12, 2024

State-Level Children’s Fest ‘Suravi’ Takes Off In Bhubaneswar

Bhubaneswar: The state-level Sishu Mahotsav 2024, 'Suravi', took off on the premises of Capital High…

November 12, 2024

‘Yaariyaan’ Actor Himansh Kohli Ties The Knot In A Private Ceremony

Mumbai: ‘Yaariyaan’ actor Himansh Kohli got hitched in a private ceremony on Tuesday. The actor…

November 12, 2024

ECoR To Enhance Power Infra In Several Rly Sections In Odisha

Bhubaneswar: The East Coast Railway (ECoR) is set to enhance its electrification infrastructure with the introduction…

November 12, 2024

5th EMRS National Cultural & Literary Fest & Kala Utsav Begins On Odisha

Bhubaneswar: More than 1400 students from 22 states are participating in the 5th EMRS (Eklavya…

November 12, 2024

Mukesh Khanna Gets Trolled For Posting Teasers On Shaktimaan’s Return

Mumbai: Veteran actor Mukesh Khanna left netizens in a bad mood after he announced the…

November 12, 2024

Rourkela NIT, Bhubaneswar’s KIIT & Cuttack’s SCB Medical College Win State-Level RBI90Quiz

Bhubaneswar: The team from the National Institute of Technology, Rourkela comprising Arpan Chakrabarty and  Dibyajyoti…

November 12, 2024