Home STATE EOW seeks Odisha govt nod to attach assets of Biswa, Credible

EOW seeks Odisha govt nod to attach assets of Biswa, Credible

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Reported by Santosh Jagdev

Bhubaneswar, Feb 12:

The Economic Offences Wing (EOW) of the State crime branch today wrote to the Finance department of the Odisha government seeking permission to attach the properties two chit fund companies: Biswa and Credible Micro Finance Limited.

Khirod Mallick, head of Biswa
Khirod Mallick, head of Biswa

The movable and immovable properties belonging to two ponzi companies, which are sought to be attached by EOW under section 3 of the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011  are 10 acres land, Rs 55 lakh in bank deposits, two buildings and a petrol pump at Sambalpur.

The owner of the two companies Khirod Mallick is now lodged in Jharpada jail.

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