Accused in fraud worth Rs25 cr arrested
According to sources, the incident came to light when the accused failed to refund money to nearly 225 depositors and their 350 cheqes got bounced subsequently. On receipt of complaints of several depositors, Berhampur police sought help of Mumbai police and arrested Goel from Mumbai.
Sources said, the accused had opened a public money investing company – Sri RamKrishna Electro Control Limited in Berhampur and was receiving deposits from public. The accused had won public belief by assuring high interest rates and disbursing dividend cheques.