Bhubaneswar: The Enforcement Directorate (ED) will probe financial transactions of arrested conman Jyoti Ranjan Beura alias Golden Baba.
The Commissionerate Police on December 31, 2018, had arrested the fraudster from Chandrasekharpur here for allegedly duping a resident of Keonjhar district.
He had also swindled money from several companies on the pretext of sanctioning loans from finance companies. The Economic Offence Wing (EOW) of Odisha Crime Branch had earlier probed two of his financial fraud, amounting to Rs 12.04 crore and Rs 4.05 crore respectively. He had allegedly taken 12 cheques totaling to Rs 12.04 crore from a mining company with the promise to get a loan of Rs 110 crore sanctioned.
The EOW had also raided the house of the Golden Baba and the seized documents revealed that he had signed an agreement to provide financial assistance of Rs 200 crore to a private hospital at Thane in Mumbai, Rs 300 crore to the Engineering Construction Ltd in Hyderabad and Rs 50 crore to the JK Medical System in Bhubaneswar through fake documents. Apart from this, he had an agreement with 4 to 5 companies for which he had collected Rs 100 crore through the post-dated cheques.
The EOW had also had frozen his seven bank accounts having deposits of Rs 51 lakh. A locker containing nearly 1.5 kg gold worth Rs 40 lakh was also seized. He reportedly owned four luxury cars.
A total of 19 cases are pending against Beura in various police stations in the state.
