Odisha Sun Times Bureau
Bhubaneswar/Kolkata, Feb 3:
CBI sleuths today arrested Mir Shahiruddin, Managing Director of Odisha-based Ponzi firm Green Ray International Ltd (GRIL), from Kolkata.
According to reports, the fugitive was apprehended by the members of central investigative team from Rajarhat area hours after he landed in Kolkata from Nigeria.
GRIL had Mir Shahiruddin as its Managing Director; Mir Tahiruddin, Ayub Saha and Khalik Saha as its directors.
Earlier on October 2014, Chhattisgarh police had arrested Ayub Shah from Ajmer in Rajasthan while he was on his way to Kolkata. He was trying to flee to Nigeria via Bangladesh.
Notably, at least 13 cases were registered against the managing director and directors of GRIL in different police stations in Odisha for allegedly duping depositors of crores of rupees and five cases registered in Chhattisgarh.
The dubious firm headquartered in Balasore had also swindled over Rs 500 crore from around 1.5 lakh customers in Odisha. Besides, the company had collected over Rs 200 crore from the people in Chhattisgarh.
It may be mentioned that the trio had started their operations in Odisha in 2004 but the state government sealed their offices in 2013 following which it defaulted on payments to its investors. When people gheraoed the offices for liquidation of their deposits, they directors went into hiding.
Worth mentioning, SEBI, in February 2014, had barred GRIL from collecting any money from investor, launch or carry out any scheme which has been identified as a collective investment scheme. Besides, it had directed to wind up the existing collective investment schemes and refund the money collected from the investors by the company.