By Our Correspondent
BHUBANESWAR: Economic Offences Wing of Crime Branch arrested accused Jaydeep Raha, Managing Director of M/s Jetex Ocenair Pvt. Ltd. on 17.10.2022from Kolkata in EOW PS Case No.13 dt.08.05.2015 u/s 120-B/406/467/468/471/420 IPC r/w Sec. 4, 5 & 6 of Prize Chits and MoneyCirculation Schemes (Banning) Act, 1978 and Sec.6 of OPID Act, 2011 andproduced him before the Addl. Chief Judicial Magistrate, Alipore, South 24Parganas. The said accused has been brought on transit remand and will beproduced in the Designated Court under OPID Act, Cuttack.
The instant case was registered on the report of one SubashChandra Pradhan of Bhanapur under Balanga PS of Puri District on theallegation that chit fund Company M/s Ambitious Diversified ProjectsManagement Ltd., Kolkata and OAK India Multistate Credit Co-operative Societyrepresented through its Directors and Members have illegally collected croresof rupees from the investors of Odisha by assuring high rate of interest.Subsequently, they closed down the offices of the Company without paying theinterest as well as the principal amount and fled away from the locality.
It has been ascertained that during the period from 2010 to 2014,the company without any authority had collected more than Rs.2.62 croresfrom as many as 1968 investors of Odisha under the allurement of repayingwith high rate of interest.During investigation, it was revealed that out of the abovecollected amount, during the year 2011-12, a sum of about Rs.1.83 crores hasbeen diverted to the account of M/s Jetex Oceanair Pvt. Ltd., the ManagingDirector of which is the present accused Jaydeep Raha. After beingapprehended, he could not give any satisfactory reply in respect of receipt ofsuch huge amount.
Three cases have also been registered against the chit fundcompany in West Bengal.Earlier, accused Omkar Singh, Managing Director and otherDirectors namely, Kunal Tiwary, Arshad Hussain and Mringanka SekharChakrabarty of M/s Jetex Ocenair Pvt. Ltd. have been arrested in the case.Further investigation is continuing.#####
