Odisha EOW Arrests Absconding Proprietor Of LLP Firm In Rs 2 Cr Cheating Case

Bhubaneswar: Economic Offences Wing (EOW), Bhubaneswar, has arrested proprietor of Quick Click Ad Media in an Rs 2 crore cheating case.

The accused, identified as Bimalananda Bhuyan of Malkangiri, was nabbed from Indiranagar in Lucknow on May 18 and brought to Bhubaneswar on transit remand. He will be produced before a designated court in Cuttack on Tuesday.

According to an EOW release, Bikash Podar of Sambalpur had lodged a complaint against Bhuyan and his wife Rammi Bhuyan for cheating 53 investors of Rs 1.2 crore on the pretext of supplying LED monitors for advertisements through their Limited Liability Partnership (LLP) firm, Quick Click AD Media. “Bhuyan and his wife, who were partners of LLP firm, induced people to invest through two of their schemes to purchase LED monitors by promising a share in the profits obtained from running the advertisements of different sale agencies on them in 2017-18. They collected public deposits of about Rs 2 crores from more than 100 investors, and without purchasing any LED monitors, they absconded with the amount, and misappropriated the same,” the release said.

In the first scheme, the investors were required to invest Rs.54,000 (for 3’x3’ LED monitor) to get Rs.3,100 a month for 3 years. In the second scheme, the investors had to invest Rs.3 lakhs (for 6.4”x6.4” LED monitors) to get 70% profit for 3 years after which the investor were to get 30% of profit with the the rest 70% to the LLP.

It further informed that ‘Quick Click Ad Media’ was registered with ROC, Chhattisgarh in the year 2017. The LLP had its head office at Shyamnagar, Raipur, Chhattisgarh and the branch offices at Jagdalpur, Chhattisgarh, and Jaydev Vihar, Bhubaneswar. It was mostly active in Khurda, Koraput, Nayagarh, Mayurbhanj, Balasore, Rourkela, Sambalpur, and Ganjam districts in Odisha.

To evade arrest, Bhuyan, who holds a MBA degree in marketing, went into hiding in Lucknow and started working for a snack factor. During this period, he also stayed for one and half year in Dubai and formed a company there, Empire Global Capital F.Z.E.

Rammi was arrested a few days ago from Mumbai where she was working for a real estate company under a fake identity. “A lot of incriminating materials/documents have been seized from the arrested accused. Further investigation is underway,” it added.