Duped investors move EOW against chit fund firm

Bhubaneswar, June 24: At least 15 duped investors on Tuesday have been moved to Economic Offences Wing and lodged a complaint against the chit fund company with the connection of money trail.

The chit fund firm has allegedly swindled money to the tune of Rs one crore from the depositors.

Sriranjan Mohanty, one of the complainants, said that Bibhu Prasad Rath (45) and his wife Adyalaxmi Mohapatra (42) of Badagada used to run two companies Samrudhi Media and Television private limited, and SN Associates and Dream Land Projects at their residence.

Apart from this, he further alleged that the duo took several lakh rupees from the people of the area in 2010 on the pretext of providing them 5 per cent interest on their deposited amount every month, but neither paid the interest nor refunded the principal amount.

An EOW official said the matter is being investigated.