Another director of Tresty Securities nabbed
Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Police’s Crime Branch on Friday arrested another director of Tresty Securities from here.
The arrested director of Tresty Securities, Rashmi Ranjan Mohapatra, is the third official of the chit-fund firm who was nabbed by the Crime Branch.
Earlier, the company’s director Hariranjan Panda was held from Bhadrak while managing director Dayanidhi Mohapatra was nabbed from Nashik in Maharashtra.
Besides, the EOW team had seized two cars in the name of the company.
Sources in the Crime Branch said the chit fund company has duped over Rs 10 crore from the depositors in Odisha.
The company had opened branches in Balasore, Soro, Bhadrak and Betanati areas and collected money from investors under different schemes promising lucrative returns.
The company had closed its offices in Odisha in 2013 and later disappeared with the collected amount.
In May this year, market regulator the Securities and Exchange Board of India (SEBI) had lodged a complaint with the state Crime Branch about Tresty Securities Ltd and recommended action against the company officials.