EOW ARRESTS DIRECTOR OF CHIT FUND COMPANY INVOLVING FRAUD OF APPOXIMATELY 15 Crs
Bureau,Odishabarta
Bhubaneswar:Economic Offences Wing, Bhubaneswar has arrested accused Tapan Kumar Samanta from Naskar Road, Narendrapur in Kolkata, West Bengal on 06.03.2022 in connection with EOW PS Case No. 16 dt.30.08.2019 U/s 406/420/467/468/471/120-B IPC r.w. Sec. 6 of OPID Act, 2011. He was produced before the Addl. Chief Judicial Magistrate, Baruipur, South 24 Pragana (South), Kolkata yesterday, who has been pleased to issue transit remand. On the strength of transit remand, the arrested accused is being produced today in the Ld. Designated Court, under OPID Act, Balasore.
The above noted case was registered on the written complaint of one Sukadev Hota of Soro, Balasore against Pratap Kumar Biswal, Chairman & Managing Director of M/s Mass Infra Reality Ltd. and Human Welfare Credit & Thrift Co-operative Society Ltd. and its other six directors including the present accused, Tapan Kumar Samanta on the allegation of duping the complainant and many other depositors to the tune of several crores on the pretext of returning high rate of interest on deposits under different schemes floated by their Company.
Investigation revealed that M/s Mass Infra Reality Ltd. is registered with ROC, Kolkata during September, 2010 under the Companies Act, 1956 having its registered office under Barasat Police Station, 24 Praganas in West Bengal. Accused Pratap Kumar Biswal was its Chairman-cum-Managing Director and the present accused Tapan Kumar Samanta is one of the Directors. Subsequently, during the year-2012, the company changed its name to Human Welfare Credit & Thrift Co-operative Society Ltd. registered under Multistate Co-operative Societies Act, 2012 having its registered office in Laxmi Nagar, New Delhi and the above named accused Pratap Kumar Biswal was its President. The company represented through the Managing Director and other Directors including the present accused had allured general public with false promise of returning high rate of interest on deposits under different schemes of the company and unauthorisedly collected huge amount of about 15 Crores from several investors and absconded from the locality after closing their offices.
Earlier in this case, the accused MD Pratap Kumar Biswal has been arrested in this case on 25.07.2021 and forwarded to court. He is still in judicial custody. Investigation of the case is continuing.
