Home CRIME Duped depositors knock on EOW doors; seek refund of money

Duped depositors knock on EOW doors; seek refund of money

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Reported by Santosh Jagdev

Bhubaneswar, Mar 11:

Hundreds of depositors from Kandhamal and Ganjam districts on Tuesday landed at Economic Offences Wing (EOW) of State Crime Branch (CB) here bringing allegation against the Managing Director, Chief Executive Officer and office bearers of a chit fund company named as Green India Multi State Members Credit Co-operative Society Limited for duping them of Rs 15 crore.Chit Fund

The depositors lodged the complaint against Managing Director of the company Pradeep Singh, CEO Sunil Kumar Panda and office bearers D. Ramamurti Patra. Krushna Chandra Behera, Bhagban Panigrahi, Binod Maharana, Subasini Lenka, Bipin Bihari Lenka and Santosh Kumar Pattnaik with the Superintendent of Police (SP) EOW of CB Rajendra Patnaik.

Bhagaban Panigrahi, a depositor from Berhampur said, “We have deposited money amounting to near about 15 crores under recurring deposit, monthly income scheme and fixed plan in the chit fund company.”

The company has its head office at Dharmanagar in Berhampur. It also has two branches at Raikia and Balliguda, the depositors said.

Panigrahi alleged that the office bearers of the company  repeatedly reminded the depositors to deposit the money under the aforesaid schemes and plans, assuring them they would get the full maturity value on their deposits in due time. “Though a period of more than two years have already lapsed from the date of maturity in some cases, they are not returning the amount due to us on maturity,” he said.

In addition to this, some pre-maturity amounts are also pending with them. “Now it is a great problem for us how to get our deposited money back. We are in dire need of money. We have requested them time and again but in vain.” the depositor said, adding “In the mean time they have closed the branch offices opened in the state.

“Today we met SP Crime Branch and requested him to take stringent action against the culprits and ensure the refund of money deposited in the chit fund company,” the depositors said.

SP EOW of CB Rajesh Kumar said the matter would be taken up for investigation soon.

 

1 COMMENT

  1. Request Or Fir ? EOW Wing did not know about this from intelligence sources of the department.And any local Police knows about this Chit Fund company or not ?Now EOW may say according to Very high standard of EOW ,EOW only takes the inquiry in it’s fold only looted amount money must be higher than Rs100 crores !EOW is very high standard wing of investigating agency. It only takes responsibilities of cases/Chit Fund Companies/Looters which only have offices in Dubai or beyond the boundary of The Country! Be aware we are part of the great Crime Branch of Odisha,which for last 10 years could not be able to nab any of the Chit Fund operators/looters .Because we are also part of Chit Fund Looters !Only For The Hon’ble Supreme Court we are only doing a muck inquiry NOW !

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