Odisha, January 31: The Economic Offences Wing (EOW) of Odisha police has arrested a woman for her alleged involvement in misappropriation of Rs 100 crore loan taken from various financial institutions, officials said here on Monday.
The accused person is Amrita Kindo, managing director of Diya Diary Agro Processor Pvt. Ltd. She was arrested and forwarded to the local court here on Sunday, and remanded to judicial custody. Online Fraud in Chandigarh: Woman Duped of Rs 10 Lakh by Cyber Fraudster Posing as Bank Representative.
Though the arrest was made on the basis of a Rs 5 crore loan fraud case registered against Sambandh Finserve Pvt. Ltd, it was found during investigation that the firm had collected over Rs 100 crore from various finance institutions and misappropriated the same, the police officials said.
As per the complaint, accused Deepak Kindo, MD of Sambandh Finserve Pvt. Ltd., Bhubaneswar had fraudulently availed loan to the tune of Rs 5 crore from Annapurna Finance Pvt. Ltd. on the basis of forged documents and misappropriated the same without refunding the amount. Online Fraud In Pune: Senior Clerk Duped Of Rs 1.70 Lakh By Cyber Fraudster By Posing As Credit Card Employee; Case Registered.
During course of investigation, the police found that the accused company (Sambandh Finserve Pvt. Ltd.), during the period from 2015-2020, in a similar manner had raised funds of more than Rs. 100 crores from different investors/ lenders like DCB…
