President of a co-operative society held for duping gullible investors
The Economic Offences Wing (EOW) of Delhi Police arrested the president of a co-operative society on Tuesday for duping gullible investors under the pretext of high returns.
The Economic Offences Wing (EOW) of Delhi Police arrested the president of a co-operative society on Tuesday for duping gullible investors under the pretext of high returns.
Deputy Commissioner of Police, EOW, Raja Banthia, said in a statement on Friday that accused Deepak Gupta was questioned and arrested in the case as per law.
The Odisha Government has directed the Economic Offences Wing (EOW) of the Crime Branch to probe into alleged bungling of crores of rupees by faking the death of construction workers in Rayagada district.
The recent filing of a First Information Report (FIR) by the ACB has intensified scrutiny into the matter, indicating the gravity of the situation.
The accused Rajat Kumar of Mohalia, a native of Yamuna Nagar district in Haryana, was arrested after the EOW had registered a complaint on the report of Ratna Tripathy, a journalist of Nayapalli locality in Bhubaneswar.
An FIR in the matter was registered with the EOW where the complainants, professors of JNU and Indian Institute of Technology (IIT), Delhi, alleged that the said person had formed a Noble Socio-Scientific Welfare Organization (NSSWO), claiming to provide affordable housing.
The accused have been identified as Dambarudhar Nayak and Devidutta Panigrahi, who were working as branch manager and agricultural finance officer, respectively, at Central Bank of India, Bhadreswar branch in Cuttack district.
Reiterating his stance of zero tolerance to corruption, Lieutenant Governor Vinai Kumar Saxena on Sunday accorded sanction for the prosecution of 10 Delhi Police officials in a case of embezzlement of government fund to the tune of Rs 2.44 crore.
Armed with dexterity in skill of its manpower, the Economic Offences Wing (EOW) of Odisha Police has cracked as many as 39 major cybercrimes involving crores of rupees with the operational base of the fraud owing its genesis to outside the State and overseas.
The investigating agency has frozen Rs 1.22 crore from accounts of the Ponzi App and sought removal of the App by Google Play.
