Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Police arrested the director of a ponzi scheme company from West Bengal for allegedly duping investors of more than Rs123 crore.
The accused, identified as Tusar Bhanjo of Hamirpur in Paschim Medinipur of West Bengal, was arrested from his residence in Haridevpur area of Kolkata. He was brought to Bhubaneswar on transit remand, EOW said in a statement Saturday.
The case was registered on the written allegation of one Manmohan Dora of Bhubaneswar against the company Harit Krishi Nidhi Ltd., M/s Transvision Dream Multi Trade Private Limited and its director Bhanjo.
Bhanjo was accused of inducing the complainant and many other investors to invest with his company for high returns like monthly interest of 11 per cent on the invested amount apart from four to five per cent extra commission on adding new members. The Company also promised to provide monthly salary of Rs4,000 on investment of Rs4 lakh, Rs8,000 on investment of Rs8 lakh and so on. In order to induce the investors, Bhanjo was using social media, leaflets, brochures and physical meetings.
Being induced, the informant joined the Harit Krishi Nidhi Company as a member by depositing Rs4,000 in 2023. Subsequently, the informant deposited Rs2 lakh in the company’s bank account after which he was able to open three wallet IDs in which he had deposited a total Rs2.17 lakh and got 11 per cent interest only for one month. Thereafter, no amount was paid to him by the accused, who absconded with the invested money of thousands of investors including the informant.
As found during investigation, arrested accused Tusar Bhanjo who had earlier formed M/s Transvision Dream Multi Trade Pvt. Ltd. registered with ROC, Cuttack, opened Harit Krishi Nidhi Ltd. in the year 2023, which was incorporated with ROC, West Bengal.
PNN