Report;Manoj Kanta Dash,Odishabarta
Berhampur,06/11/18:The managing director of a chit fund company and his wife, who is a director of the firm based in Odisha's Ganjam district were arrested by the police from Bhubaneswar on Tuesday for allegedly duping investors of over Rs 60 crore,
Today in a Press meet Berhampur SP,Pinak Mishra said,the Managing Director Braja Mohan Patnaik and his wife Tridhara Mohanty,Director of Datum Marketing Limited had been absconding since May this year, However our Police team could able to arrest the couple from Bhubaneswar.
The exact amount duped by the company, which had started functioning in October 2006, from the investors is yet to be assessed. Preliminary investigations, however, showed it had collected around Rs 60 crore under different schemes from over 1550 investors from across the state and outside through agents, the SP added.
The couple were brought back to Berhampur and produced before a court which remanded the couple to police custody for three days, he said. The police had registered two cases against the couple and some employees of the company in 2016 and May this year following which the two fled.The company had cheated people by promising them to multiply their money in a short of time but with their ill intention, Mishra said.
When the issue came to limelight and the company did not pay the depositors in time even after the maturity of their investments, several of them had demonstrated in front of the company's office demanding that they be refunded their money.
In context,Alok Jena,IIC Golonthara said the company's head office at Konishi near here has been sealed and documents, computers, hard discs were seized. Four bank accounts had also been freezed.