EOW ARRESTS TWO FRAUDSTERS FOR CHEATING THE INVESTORS IN THE NAME OF ONLINE TRADING
Bureau,Odishabarta
Bhubaneswar,20/04/23:Economic Offences Wing, Bhubaneswar has arrested accused persons namely Ripan Kumar Jena and Anupam Pradhan of Uttareswara, PS-Soro, Dist- Balasore on 20.04.2023 in EOW PS Case No.18 dt.10.10.2022 U/s 420/406/467/468/471/120-B IPC, r/w Sec.66 of IT Act, 2008 and Sec.6 of OPID Act.
The arrested accused persons are going to be produced before the Hon’ble
OPID Court, Balasore today.
The above referred case was registered on the written allegation of one Jitendra Kumar Das of Fakirmohan Nagar, Balasore against the above named
two accused persons and others for cheating more than 30 investors of Balasore District only in respect of Rs.4 Crores on the pretext of investment in the online trading.
The arrested accused Ripan Kumar Jena having the qualification of M.B.A is the Managing Director of “Omm Agency” and “GRSS Greentech Pvt. Ltd.” having his office at Uttareswara, Balasore.
He along with co-accused Anupam Pradhan, a post-graduate in Hindi, and others were into illegal collection of deposits from the general public under the allurement of investing the same online in FOREX Trading, buying shares and investment in crypto, promising lucrative monthly returns of 8% mutual profit on the invested amount. In order to win the trust of gullible investors, the accused persons were issuing money receipts to the depositors, executing agreement and also issuing post-dated
cheques of the company.
During the period from 2019-21, the accused persons without any authority have illegally collected more than Rs.4 Crores from 35 investors of Soro area only.
The number of investors and the figure of invested amount will go up after verification about the investors of other areas. Initially, they paid the promised return to the investors for few months and thereafter stopped making any payment to the investors and rather absconded by closing down the office of Omm Agency and GRSS Greentech Pvt. Ltd.
The investors’ money was being transferred to the account of Omm Agency and personal accounts of accused Ripan Kumar Jena, Anupam Pradhan and other co-accused persons. During investigation, many incriminating documents like money receipts, agreements and PDCs etc. have been seized including the hard disc of the computer used by accused Ripan Kumar Jena.
Investigation of the case is on.
