EOW freezes Rs 51 lakh in 7 bank accounts of Golden Baba

Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch seized Rs 51 lakh from seven bank accounts of Jyoti Ranjan Beura alias ‘Golden Baba’ today. The agency is investigating the allegations of financial fraud and political linkages brought against Golden Baba.

According to sources, the EOW froze six accounts in ICICI, HDFC and Axis banks and another one in IndusInd Bank. All the bank branches are located in Chandrasekharpur and Infocity police limits in Bhubaneswar and belong to Golden Baba and his organisation.

The EOW is suspecting that the ‘conman’ may have more bank accounts, sources said.
On the other hand, the ADJ-2 court in Bhubaneswar concluded its hearing on the bail plea of Golden Baba and reserved its verdict.

Yesterday, the EOW had seized some incriminating documents during a search at Beura’s house. The documents revealed how the conman used to lure businessmen and companies with fake business and income tax filing documents to raise money.

Earlier, the Commissionerate Police had frozen his bank locker reportedly containing 1.5 kilograms of gold worth around Rs 40 lakh.