EOW ARRESTS DIRECTOR OF THE FRAUDULENT CHIT FUND COMPANY
Bureau,Odishabarta
Bhubaneswar:Economic Offences Wing (EOW), Bhubaneswar has arrested accused, Sudarsan Senapati, one of the Directors of a chit fund company namely, M/s Akash India Multi Complex Ltd., today in connection with EOW PS Case No. 08 dtd. 06.05.2017 U/s 406/420/467/468/471/120-B IPC, r/w Sec. 4/5/6 of Prize Chits & Money Circulation Scheme (Banning) Act, 1978 & Sec. 6 of Odisha Protection of Interests of Depositors (in financial establishment) Act, 2011. He is being forwarded to the Ld. Designated Court under OPID Act, Cuttcak.
The above referred case has been registered on the basis of a written complaint filed by one Debendra Kumar Nayak on the allegation that M/s Akash India Multi Complex Ltd. represented through its MD- Kedar Nath Sahoo and other Directors had duped a large number of investors to the tune of crores in the pretext of returning high rate of interest on their deposits under various schemes launched by the Company.
Investigation of the case revealed that M/s Akash India Multi Complex Ltd is incorporated with ROC, Cuttack having its registered office atDumuduma, Khandagiri, Bhubaneswar and its branch offices at Niali, Charichhak, Puri, Astaranga, Baungarigaon, Panikoili, Bramhagiri and Jagatsinghpur.
It is also revealed that the above named accused SudarsanSenapati along with other accused personsduring the year- 2011 to 2016,hadcollected approximately three crores rupees from the general public under different schemes of the company. Initially, the company had made some meagre payment to the investors to win their trust but subsequently from the year 2013, stopped making any payment to the investors and closed down their offices functioning at different places and the accused persons absconded from the locality.
Earlier in this case accused MD- KedarnathSahoo, Director- Suresh Chandra Sahoo and Chief Executive -Subash Chandra Mohanty have been arrested in this case. The movable and immovable assets created by the accused companies from out of the public deposits have been attached under section 3 of OPID Act, 2011. The investigation of the case is continuing.
