The charged, Pankaj Kumar Parida, was captured from a loft ( Aasta Palace Condo) at Lingipur under Dhauli police limits.
The Financial Offenses Wing (EOW), Bhubaneswar on Wednesday captured the advertiser/head of an organization named M/s Fleet Bazar Pvt. Ltd. for tricking financial backers from Odisha of more than Rs 12 crore on the affection of opening uber shops with significant yields in various urban areas. The blamed, Pankaj Kumar Parida, a MBA in showcasing and a super durable occupant of Chandabalipadia under Sahadevkhunta Police limits in Balasore, was captured from a condo ( Aasta Palace Loft) at Lingipur under Dhauli police limits.
The charged will be created under the watchful eye of the assigned court under the OPID Act, Cuttack on November 2. As per the public statement gave by the EOW, the case was enlisted based on the composed charge by one of the casualties Ruturaj Mohanty. He had asserted that the organization M/s Naval force Bazar Pvt. Ltd. also, its chiefs specifically Parsuram Rajnetbhai Buddy and the captured denounced Parida duped him and his family members to the tune of Rs.1.26 Cr. for the sake of interest in the organization for laying out/opening new staple and everyday utility thing stores in various urban areas of Odisha, and furthermore its warehousing projects for exceptional yields.
During the examination, it was tracked down that the chiefs and advertisers of M/s Fleet Bazar Pvt. Ltd. actuated the overall population to put resources into the organization for opening staple and everyday utility thing shops on the misleading commitment of giving worthwhile and weighty returns.
The organization was falsely executing the store concurrences with the financial backers, lease concurrences with the shop proprietor, and establishment concurrences with new financial backers. The organization additionally has sister concerns like Naval force Store Pvt. Ltd., Naval force Pay Pvt. Ltd., Naval force Express Pvt. Ltd., Naval force Lodging and Resort Pvt. Ltd. and so on. The organization drifted five plans in particular Scaled down Store, Super Shop, Hyper Store, Uber Store and Super Store, for speculations going from Rs 20 lakhs to Rs 5 crore for significant yields for example 4% interest each month and 3% on the charging sum.
Additionally, the organization additionally drifted three plans for the establishment of the shops at better places of Odisha like Cuttack, Bhubaneswar, Nayagarh, Bargarh, Jagatsinghpur, Balasore, Parlakhemundi, Jagannathprasad, Odagaon, Nabarangpur, and so on covering eight areas and was getting speculation with the affirmation to pay 8% interest each month. Subsequent to gathering more than Rs.12Cr. from Odisha just, the organization neither ran the stores nor gave the establishment nor even returned the cash to the financial backers. Plus, the organization has additionally cheated financial backers in upwards of ten states including Jharkhand, Odisha, J and K, Gujarat, Delhi, Madhya Pradesh, West Bengal, Assam, Maharashtra, and so forth..