BHOJPURI FILM LOVER NIKHILANANDA ARRESTED BY EOW THE REGIONAL HEAD/ DIRECTOR OF MULTI-STATE CHIT FUND COMPANY INVOLVING CHEATING AMOUNT OF RS. 500 Crs.
Bureau,Odishabarta
Bhubaneswar:Economic Offences Wing, Bhubaneswar has arrested accused, Nikhilananda Pashupalak on 30.03.2022 from Berhampur in EOW PS Case No. 14 dated 17.08.2016 U/s 420/406/120-B IPC, R/w Sec. 6 of Odisha Protection of Interests of Depositors (in Financial Establishments Act,2011 registered against chit fund company- Success Online Service System (SOSS) Private Ltd.
FIR was registered on the basis of written complaint of said Parsuram Behera against the office bearers of Success Online Service System (SOSS) Private Ltd., a chit fund company operating its regional office at Berhampur.
Investigation conducted so far has revealed that Success On-line Service System Private Ltd. (SOSS) had its registered office at Plot No. 167, Sector-10/B, Basundhara, Gaziabad, UP and was operating its Regional Offices at different places of the country, including one regional office at Odisha located at Lochapada, Berhampur, Ganjam. Raman Kumar Singh was the Managing Director and Rakesh Kumar was the Secretary of the said company whereas, the regional office of Odisha was functioning under the present accused Nikhilananda Pasupalak. The above office bearers of the SOSS Pvt. Ltd. displayed the good-will of the company before the general public in the name of providing Insurance Service, share marketing, dividends and estates/ distribution of flats etc. and collected public fund to the tune of more than Rs. 500 Crores from different part of country including Odisha and subsequently disappeared in January, 2012 misappropriating the huge fund mobilized from general public and changing their all contact numbers & addresses. Present accused, Nikhilananda Pasupalak was absconding since then changing his places of abode.
It was ascertained further investigation that the company was collecting illegal deposits by floating different schemes under the promise of giving health care commodities and also lucrative returns on the amount invested. The company has collecting such illegal deposits from Delhi, Jharkhand, Odisha and other places.
It has been ascertained that a substantial amount from out of the public deposits have been mobilised by the accused persons for making Bhojpuri films under “Cine Vision”, a sister concern of SOSS and the present accused had also acted in the films (Bhojpuri).
During house search many incriminating documents like Pan Card, Cheque Books, Investor lists, Leaflets and Brouchers etc. have been seized. Investigation of the case is continuing.
