Economic offences wing arrests managing director of private firm for cheating investors of 50 crore by offering high monthly interest rates. Case registered against accused Mohan Kumar Parida for running illicit investment scheme without RBI permission. Over 2000 victims defrauded between 2020-2023. Investigation reveals involvement of accused's wife in the fraud.
The Economic Offence Wing (EOW) of Odisha Crime Branch on Tuesday arrested a person for duping several depositors in Odisha of over Rs 50 crore on the pretext of various Ponzi schemes, said an official here.The accused was identified as Mohan .