Ponzi firm dupes loan seekers in Nilagiri

Balasore: A fraudulent company allegedly looted lakhs of rupees from a group of women on the pretext of providing low-interest loans in Sajanagarh area under Nilagiri police limits of Balasore district.

As per the allegations by the duped depositors, a ponzi firm had opened an office in Sajanagarh area and collected Rs 5,000 each from around 50 local women on promise of providing them low-interest loan worth Rs 2 lakh each a few months ago.

However, after failing to get loans even after seven months of making deposits, a group of the women went to the office today and found that the officials of the company had shut down the office.

Sumti Das, a duped depositor from Sergarhsaid that one Sushant Pradhan and his team assured to pay them loans of Rs 2 lakh and took Rs 5,000 from each depositor in October 2018.

“But every time we went to get our money, they gave us excuses for delaying our payment. When we came to the office today, we found it closed. Since, we have been duped, we seek government’s assistance so that we can get our deposits back,” she said.