E-publishing scam: Seven bank accounts of APS Solutions frozen

Bhubaneswar: After the Commissionerate Police on Friday arrested a retired Navy officer for his alleged involvement in duping people of nearly Rs 100 crore in the name of providing e-publishing jobs through APS Solutions Pvt Ltd, the twin city police today froze seven bank accounts of the firm with deposits of more than Rs 21 lakh.

Police have found Rs 9 lakh from the bank accounts of the firm’s regional head Manoja Manjari Panda along with Rs 6,50,000 from its chief Raghavendra Singh Saluja and Rs 5,50,000 from arrested naval officer Capt (Retd) Nrusingh Prasad Patnaik.

As per reports, APS Solutions was asking third parties to submit security deposits for e-publishing work. They were asked to scan pages of novels and offered a price of Rs 10 per page. Some of them were given 10,000 to 50,000 pages to scan and in return promised lakhs of rupees. The depositors were asked to submit the e-books or the scanned pages in PDF format either in pen drives, hard disks or DVDs. People invested up to Rs 6 lakh as security deposit for the e-book jobs.

In the first few months, they received lucrative remuneration for their deposits which lured them to invest more to get more work and subsequently to get more money. However, the company shut down its operations after getting a hefty amount in crores as security deposits and then disappeared.

Meanwhile, involvement of more people in the scam is suspected. It is worth mentioning that APS Solutions is headquartered in Gurugram, New Delhi.

“Some staff members of the company are absconding. We are on the lookout for them and also for those who worked for APS Solutions outside the State. Investigation is on to trace if there are any more bank accounts of the company,” said Bhubaneswar DCP Satyabrata Bhoi.