Another ponzi firm decamps with over Rs 20 lakh from Angul

Angul: Town Police are investigating allegations against a chit fund company, which has reportedly duped gullible investors of over Rs 20 lakh.

As per the allegations lodged by the investors with Angul Town Police Station, the chit fund company had opened its office at Shubhra Towers premises in the town two years back and collected over Rs 20 lakh from about 30 investors with a promise to refund double the amount deposited by them in three years.

However, the company and its agents suddenly fled the area with the deposit money. The depositors later lodged a complaint with the police.

“One of the agents of the company, Bishnu Barik, fled the area a year ago after collecting money from some people in the town. We have registered a case against him and are trying to trace his whereabouts. After arresting him, we can get the details of the company and its head office and the amount of money he has collected from the people,” IIC of Angul Town Police station Subas Chandra Sahu, told the media.