Tag: Ponzi Fraud

Odisha EOW nabs Kolkata-based ponzi co director over misappropriation to the tune of Rs 123 crore
Odisha EOW nabs Kolkata-based ponzi co director over misappropriation to the tune of Rs 123 crore

It is alleged that the accused introduced and lured investors to invest with his company for high monthly returns with an interest of 11 percent on the invested amount apart from the 4-5 percent extra commission on adding new members. 

  • Saturday, 08 June 2024
Odisha Crime Branch EOW arrests man for duping Rs 50 crore in Ponzi scheme 
Odisha Crime Branch EOW arrests man for duping Rs 50 crore in Ponzi scheme 

The accused was identified as Mohan Kumar Parida, a resident of Kandagardi under Chandbali Police limits of Bhadrak. The EOW in a press release said the accused was produced at the designated OPID Court in Cuttack today.

  • Tuesday, 28 May 2024
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