CB searches house of Tresty India MD

Bhadrak,November 17: Three days after arresting the MD of Tresty Securities Ltd Dayanidhi Mohapatra, the Economic Offences Wing (EOW) of State Crime Branch today searched the house of the chit-fund firm boss at his Aparttibindha village here.

A three-member team of the state investigating agency conducted the raids at the house of Mohapatra and reportedly seized some documents.

Mohapatra, who was in the wanted list of Crime Branch, was nabbed from Nashik in Maharashtra for allegedly duping depositors in Odisha of Rs 10 crore.

He had had opened branches of his company and collected money from investors in Balasore, Soro, Bhadrak and Betanati areas under different schemes while promising big returns and high interest.

It may be recalled that the company had closed its offices in Odisha in 2013 and later disappeared with the collected amount. In May this year, market regulator the Securities and Exchange Board of India (SEBI) had lodged a complaint with the state Crime Branch about Tresty Securities Ltd and recommended action against the company officials.

Utkal University postpones Plus III 4th semester exam

Bhubaneswar: In view of heavy rainfall across the state, the authorities of Utkal University (UU) today postponed the Plus III 4th semester examinatio...

List of trains controlled, cancelled, short terminated due to heavy rainfall in Odisha

Bhubaneswar: In view of heavy rain in coastal area, some of the trains were en-routed for water-logging at Khurda Road Railway station, Bhubaneswar Ra...

Heavy Rain Brings Odisha To Halt; Normal Life Hit In Twin City

Bhubaneswar: Incessant rainfall over the last 24 hours due to the low-pressure over the Bay of Bengal has thrown normal life out of gear in several pa...

Thunderstorm Alert For 19 Districts; Flood Situation Likely In Odisha

Bhubaneswar: The Regional Meteorological Centre Saturday issued heavy rain and thunderstorm alert for 19 districts in Odisha.The thunderstorm alert ha...