The Economic Offences Wing (EOW) of Odisha Crime Branch has arrested Tapan Kumar Samanta, director of Mass Infra Realty Ltd chit fund company from Kolkata, for duping investors to the tune of Rs 15 crore in Odisha.
Samanta was arrested from Naskar Road, Narendrapur in Kolkata, West Bengal on March 6, 2022 and was produced before the additional Chief Judicial Magistrate, Baruipur, South 24 Pragana (South), Kolkata yesterday.
The accused has been brought to the State on transit remand and will be produced before the designated chit fund court in Balasore today.
According to the EOW, a case was registered against Pratap Kumar Biswal, Chairman & Managing Director of Mass Infra Reality Ltd and Human Welfare Credit & Thrift Co-operative Society Ltd and its other six directors including the present accused, Tapan Kumar Samanta for allegedly duping depositors to the tune of several crores on the pretext of returning high rate of interest on deposits under different schemes floated by their company.
The investigation revealed that M/s Mass Infra Reality Ltd. was registered with ROC, Kolkata during September, 2010 under the Companies Act, 1956 having its registered office under Barasat Police Station, 24 Praganas in West Bengal.
In 2012, the company changed its name to Human Welfare Credit & Thrift Co-operative Society Ltd registered under Multistate Cooperative Societies Act, 2012 having its registered office in Laxmi Nagar, New Delhi.
The company represented through the Managing Director and other Directors including the present accused had allured general public with false promise of returning high rate of interest on deposits under different schemes of the company and unauthorisedly collected huge amount of about Rs 15 crore from several investors and absconded from the locality after closing their offices.
Earlier, the accused MD Pratap Kumar Biswal was arrested on July 25, 2021. He is still in the judicial custody.