Sharmili Mallick

The Twin City Commissionerate Police on Saturday arrested a man for allegedly defrauding over Rs 3 crores from around ten persons in the Capital City.

The accused has been identified as Prabhakar Jena of Deulatara village under Rajkanika Block of Kendrapara district. Jena owns a company named ‘Disha Enterprise’ in Gothapatna area of Bhubaneswar where he manufactures eco-friendly paper bags and aluminium foil.

The matter came to the fore after a youth Somyadipta Nayak, a co-villager of Jena lodged a complaint with the Mancheswar police accusing the latter of defrauding crore of rupees from him and his brother.

Based on the complaint, the Mancheswar Police Station had launched an investigation and arrested Jena today.

Addressing a press conference, ACP Sanjeev Satpathy informed, “Prabhakar and Somyadipta belong to the same village in Kendrapara district. Prabhakar had taken around Rs 1.30 crore loans from Somyadipta and his brother in multiple shares by promising handsome interest. In order to gain confidence of the Nayak brothers, the accused paid them back around Rs 17 lakh, which included huge interest amount.”

Later, Prabhakar took larger amounts from the two brothers and absconded thereafter. Based on the complaint of Somyadipta, police arrested Prabhakar and further investigation into the case is underway, the ACP added.

“During the investigation, police found that Jena had duped many people and multiple complaints are pending against him at different police stations. We have advised the victims to lodge FIRs against Prabhakar at their respective police stations,” said Satpathy. 

The ACP said Prabhakar has studied up to Plus II and was working at an eco-friendly bag manufacturing company in Chennai for some years. He later shifted to Bhubaneswar and opened a company, added Satpathy.

Disclosing the modus operandi of the accused, Satpathy said that Prabhakar would initially borrow small amounts (Rs 1 lakh to 2 lakh) and return the money with huge interest within 10 to 15 days. Later, after winning the confidence of the investors, he would take huge sums and then vanish.

Meanwhile, Prabhakar will be forwarded to the court where police plans to seek his four day custodial remand for further interrogating him about the frauds he had committed.