Bhubaneswar: The Economics Offences Wing of the Crime Branch Thursday arrested a person on charges of duping many investors of Rs 2.35 crore through various ponzi schemes between 2010 and 2012. The accused, Deepak Behera, a resident of Chhatradhari Patana under Pattamundai police station limits of Kendrapara district, was the managing director of AM Fund Managers limited.
Police sources said, Deepak collected Rs 2,35,25,000 from 253 depositors through his ponzi firm. His field officials collected the amount by promising them lucrative returns with 36 per cent interest.
However, the accused later closed its offices and did not return their deposits. Subsequently, one of the victims, Keshaba Behera of Kendrapara filed a complaint with Pattamundai police. The case was later taken over by the EOW December 3, 2012. EOW registered a case (9/12) under sections 420,406,467,468,471,120(B) of the OPC, 4, 5, 6 of the PCMC Act and section 6 of the OPID Act.
Deepak, however, did not appear before the OPID court, Cuttack, despite repeated summons. The presiding officer of the court later issued a non-bailable warrant against him. He was remanded in custody after being produced in court, Thursday.