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.
The statement quoting case records said “Paresh Kumar Das, Circle Head, Punjab National Bank, Bhubaneswar registered a complaint against accused Kali Prasad Mishra
The ponzi unit, floated by Singh, had duped hundreds of investors across Odisha giving false assurances of high returns under its different schemes involving various digital and online products. The fraudster had spread his network in various States including Maharashtra, Bihar, Uttar Pradesh, Delhi, West Bengal, Odisha and Chhattisgarh.
Immediately after the subsidy amount was credited to the account of beneficiary farmers, the accused duo used to lure the beneficiary to withdraw the total subsidy amount.
Investigation of the case revealed that during the period from 2015-2020, the accused company- Sambandh Finserve Pvt. Ltd.
During the course of the investigation, the facts revealed that the accused Ramesh Utlapally, Managing Partner of the accused company M/s. Sri Anjaneya Siri Lucky Agencies furnished two forged bank guarantees of Allahabad Bank and bought the vegetable oils from the complainant company.
