BHUBANESWAR: Bikramjit Bhowmik (51), who was absconding for the last eight years, who was the regional manager of the suspected Rose Valley chit fund company in Odisha, has been arrested by the Economic Offenses Wing.EOW) of the State Crime Branch from East Midnapore district on Monday.
NS Rose Valley Group He is accused of duping investors in the country of about Rs 17,000 crore, which is at least four times more. Sharda Group a scam. In Odisha, the company allegedly duped depositors around Rs 450 crore.
The Rose Valley scam involving several cases registered in different police stations of the state is being investigated separately. CBI and State EOW. Bhowmik was wanted by the EOW in a fraud case against the company at Soro police station in Balasore district in 2013.
“Soro police had registered a case on May 10, 2013. We (EOW) took over the investigation from Soro police on 28 May 2013. The Soro branch of the company had duped investors about Rs 2.82 crore. Since Bhowmik was the head of the Odisha region, we were looking for him. After the registration of the case, he had absconded to evade arrest.
The EOW said that they recently got clues about Bhowmik and sought the help of West Bengal Police to arrest him. After his arrest on Monday, he was produced in the court of Chief Judicial Magistrate of Tamluk. The EOW brought him to Odisha on transit remand and produced him in a Balasore court on Tuesday.
The state government has already attached over Rs 83 crore in Rose Valley’s bank balance and immovable assets worth around Rs 11 crore. The CBI had on January 7, 2016 filed a chargesheet in a court here against Rose Valley Chairman Gautam Kundu, Managing Director Shibamay Dutta and two directors Ashok Kumar Saha and Ram Lal Goswami.
The company allegedly showed investors confidence by showing two photographs in which the firm had donated Rs 2 lakh and Rs 25 lakh to the company. From. m Relief Funds of Odisha and Assam respectively. In Odisha, Rose Valley issued lucrative tour packages and refunded huge amount to customers on cancellation of packages. At least 25 cases of fraud are registered against the company at different places in Odisha.
NS Rose Valley Group He is accused of duping investors in the country of about Rs 17,000 crore, which is at least four times more. Sharda Group a scam. In Odisha, the company allegedly duped depositors around Rs 450 crore.
The Rose Valley scam involving several cases registered in different police stations of the state is being investigated separately. CBI and State EOW. Bhowmik was wanted by the EOW in a fraud case against the company at Soro police station in Balasore district in 2013.
“Soro police had registered a case on May 10, 2013. We (EOW) took over the investigation from Soro police on 28 May 2013. The Soro branch of the company had duped investors about Rs 2.82 crore. Since Bhowmik was the head of the Odisha region, we were looking for him. After the registration of the case, he had absconded to evade arrest.
The EOW said that they recently got clues about Bhowmik and sought the help of West Bengal Police to arrest him. After his arrest on Monday, he was produced in the court of Chief Judicial Magistrate of Tamluk. The EOW brought him to Odisha on transit remand and produced him in a Balasore court on Tuesday.
The state government has already attached over Rs 83 crore in Rose Valley’s bank balance and immovable assets worth around Rs 11 crore. The CBI had on January 7, 2016 filed a chargesheet in a court here against Rose Valley Chairman Gautam Kundu, Managing Director Shibamay Dutta and two directors Ashok Kumar Saha and Ram Lal Goswami.
The company allegedly showed investors confidence by showing two photographs in which the firm had donated Rs 2 lakh and Rs 25 lakh to the company. From. m Relief Funds of Odisha and Assam respectively. In Odisha, Rose Valley issued lucrative tour packages and refunded huge amount to customers on cancellation of packages. At least 25 cases of fraud are registered against the company at different places in Odisha.
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