Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Police has arrested a couple from Greater Noida in Uttar Pradesh (UP) on the charge of duping investors of Rs 20 crore in the name of share trading, an official statement said Tuesday.
The accused, identified as Chandra Sekhar Sahoo and Jharana Sahoo from Tangar village under Anandapur police limits in Keonjhar district, were arrested December 12 and brought to Odisha on transit remand Tuesday, it said. The EOW nabbed them on the basis of a complaint lodged by Jayant Mishra, an employee of Mahanadi Coalfields Limited (MCL).
The accused induced people to invest through lucrative schemes floated by their company for doubling their invested amount within 30 months, it said. They had opened two offices, one in Talcher’s Handidhua and another in Bhubaneswar’s Patia, and promised the duped persons that their money was being invested in real estate, retail mart, pearl culture, fish farming and hotel business. They had collected around Rs 20 crore from investors in Odisha, Bangalore, Tamil Nadu, Delhi and a few other places, the statement said.
Chandra Sekhar Sahoo was working as a chartered accountant with MCL. He later resigned from the job and opened a company in 2021, becoming its MD and making his wife one of the directors. “Investors’ money had also been deposited in the personal accounts of both the arrested persons. During the investigation, incriminating documents such as fake agreements, term deposit receipts of different companies and mobile phones have been seized. Further investigation is on,” the EOW statement added.
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