Chit fund scam: Duped investors seek confiscation of Raj Godson properties

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Cuttack: About 30 duped investors from Baliapal in Balasore district, who had deposited money in Raj Godson Services Pvt Ltd, a chit fund company, today met Crime Branch Special DG, BK Sharma and submitted a memorandum to him.

Talking to media persons, Arun Kumar Pradhan, a duped investor, said the company during its business in 2012 and 2013 has defrauded about Rs 15 from the poor people in Balasore, Bhadrak and Baripada with a promise to return double the amount of their deposited money in four years and four times of the deposited money in seven years. Besides, the company had also promised them to provide a plot in Balasore to the depositors who had invested money in the company.

“After the Odisha government began sealing the chit fund companies in 2013, we had met the company chief Jagdish Mishra in Balasore who assured us to return our money with high returns as promised earlier. But as he did not return the money, we caught him on August 23 this year and handed over to the Balasore Town Police who later arrested Mishra and put him behind bars as per the directive of the court”, Pradhan added.

He said he along with other investors of Baliapal met the Crime Branch Special DG BK Sharma at his office today and demanded immediate arrest of all stake holders including Ajay Mishra (father of Jagdish Mishra) and Amaresh Mishra (brother) who are the members of company Board of Directors. “We also urged the Special DG to take necessary steps for confiscation of all movable and immovable assets of Jagdish Mishra and his family and return the money to the depositors,” Pradhan pointed out.

Another investor, Iti Samal, said since Jagdish belongs to her village, she had the faith on him for which she had invested money in his company with a hope to get high returns. “But till date, he is yet to return my money. I had come to meet the Special DG redressed my grievances to him. I requested him to take necessary steps so that I could get back my money.

During the meeting, the investors also alleged that the company has invested their money in real estates and film making.

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