Enjoying on public money: Sai Pragati way
The company recently organised `First Dhamaka Function` in a resort located on the outskirts of the capital city. The company spent lakhs on the arrangements. Video footages of the function available with OTV suggested that the Chief Managing Director of the company Devashish Mohanty and several other senior officials of the company attended the function. Devashish Mohanty has been arrested by the Commissionerate police recently.
Not just Sai Pragati but several other companies like the Star Consultancy, Flourish India, Aam Finance and Fine Chit Fund Company of Naseer Khan in Balasore duped depositors in hundreds of crores. Ironically while some directors are behind the bars some others are on bail. But the hapless investors continue to suffer and wait for return of investments.