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.
The gang behind the fraud that used to allure youths with the offer of government jobs and duped them of substantial sums, had spread its network in 17 states.
Special Prevention of Money Laundering Act Court extended the judicial custody of Shiv Sena MP Sanjay Raut by 14 days till October 3.
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.
