EOW arrests Flourish India chit fund firm director

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Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch today arrested Pranati Dash, director of Flourish Development India Ltd, a chit fund firm, for cheating investors of nearly Rs 2 crore.

According to EOW sources, Flourish Development India Pvt Ltd having its head office at Nuahaon Chhak in Sisupalgarh in Bhubaneswar has opened its branch offices in different parts of the State and cheated people of crores on the pretext of high returns.

Meanwhile, the State Government has already issued an interim order of attachment of properties on the basis of proposal submitted by the EOW. Earlier in 2013, the EOW had also nabbed Pranati's husband Prasanna Kumar Dash and Sriballabh Prasad Nayaj, both the managing directors.

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