Reported by Ranjan Rath
Malkangiri, Nov 13:
While the CBI is presently investigating 44 non-banking financial companies (NBFCs) in the mega chit fund scams in Odisha, another chit fund scam in Malkangiri district has come to the fore with the arrest of a woman and the surrender of her husband before the Raipur police today.
The couple, arrested by the Raipur police, has been identified as Tarak Ranjan Majhi (38) and his wife Sikha, residents of MV-14 village in Malkangiri district where Bangladeshi refugees were resetteled in the 1960s.
According to police, Tarak had opened a company by the name of JSP Private Ltd in a rented house at Raipur in Chhattisgarh. He had managed to collect over Rs 20 crore from the people, including local businessmen, mill owners and NGO heads, with an assurance of lucrative returns.
Besides, the company had also collected Rs 6 crore from a lady doctor of Raipur with a promise to return double the amount to her in two years.
But as the lady doctor failed to get the sum assured by the company after completion of the term, she, along with several investors lodged a complaint with the police.
Before the police could act, the couple managed to flee Raipur and hired a private house in the Malkangiri district headquarters on rent for five years and resumed their network in the district.
Prior to this, the couple had opened their office in a lodge in Malkangiri town.
With the help of a gold merchant and some government officials, the couple later came in contact with leading businessmen, mill owners and local NGOs and persuaded them to invest their money with the company.
In the meanwhile, the Raipur police, in course of investigation, arrested Sikha at Raipur recently. But Tarak managed to escape to Malkangiri.
Raipur police, during interrogation of Sikha, came to know about the modus operandi of the chit fund company in Malkangiri. Acting on the information, a team of Raipur police raided the company office at Malkangiri yesterday and seized incriminating documents.
“Though the police failed to trace out Tarak, the latter finally surrendered before the police at Raipur today,” Bhojraj Bhoi, sub inspector of Civil Line Police Station, Raipur, told OST.
Meanwhile, Malkangiri police have begun investigation into the incident.