EOW ARRESTS THE ABSCONDING M.D OF SAMBANDH FINSERVE PVT. LTD. IN CHEATING CASE OF MORE THAN Rs. 100 Crs.
Bureau,Odishabarta
Bhubaneswar:Economic Offences Wing, Bhubaneswar has arrested accused Dipak Kindo, Managing Director of Sambandh Finserve Pvt. Ltd. on 17.03.2022 from Luludiha (under Talsera PS) in the district of Sundargarh in EOW PS Case No. 17 dated 31.12.2021 u/s 406/420/467/468/471/120 B IPC, while he was trying flee the State. He is being forwarded to the court of SDJM, Bhubaneswar today.
The above referred case has been registered on the basis of a written complainant filed on behalf of Annapurna Finance Pvt. Ltd., Khandagiri on the allegation that accused Dipak Kindo, MD of Sambandh Finserve Pvt. Ltd., Chandaka Industrial Estate, Chandrasekharpur, Bhubaneswar had fraudulently availed loan to the tune of Rs. 5 crores from Annapurna Finance Pvt. Ltd. on the basis of forged documents and misappropriated the same without refunding the amount to Annapurna Finance Pvt. Ltd.
Investigation of the case revealed that both the complainant and accused Companies are registered with RBI as NBFC-MFI. One Mr. Dipak Kindo is the Managing Director of Sambandh Finserve Pvt. Ltd. During the year-2020, the accused company approached the complainant company for a loan of Rs. 5 crores for the purpose of carrying on financial activities effectively by giving loans to different SHG and Joint Liability Groups. However, after availing the loan/ finance, the accused company violated the terms and condition of finance and misappropriated the amount without making repayment. It has also been ascertained that the accused company had furnished forged documents to avail the loan.
During course of investigation it has also been ascertained that the accused company i.e. Sambandh Finserve Pvt. Ltd. represented though its MD Dipak Kindo, during the period from 2015 to 2020, in a similar manner had raised funds of more than Rs. 109 crores from different investors/ lenders like DCB Bank, SIDBI (Small Industries Development Bank of India), BOPA PTE Ltd. (a Singapore based Company) and DIA Vikash Capital Pvt. Ltd. etc. on the basis of forged documents and misappropriated the same by diverting the amounts to their personal accounts and accounts of sister concerns companies including Diya Dairy Agro Processor Pvt. Ltd., the Director of which is Smt. Amrita Kindo, wife of Dipak Kindo.
During investigation of the case, 61 bank accounts relating M/s Sambandh Finserve Pvt. Ltd., its MD Deepak Kindo & others maintained with different nationalised & private banks have been identified and the available balance of more than Rs. 17.10 crores have been frozen.
Earlier, accused Amrita Kindo, wife of the present accused has been arrested in this case, who had availed more than Rs. 22 crores out of the cheating money. She is still in judicial custody. The present accused Deepak Kindo was absconding, evading police arrest since registration of the case, for which Look Out Circular was earlier issued in his name.Investigation of the case is continuing.
