Couple held for fraud

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Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch on Wednesday arrested a couple on charges of fraud. The two persons have been identified as Kalakanhu Bisoi and his wife Monalisa Senapati of Nimapara in Puri district.

According to EOW officers, the directors of Kalakanhu Advertising Private Limited registered with Registrar of Companies, Cuttack had collected huge amount of money from several investors in between 2014 and 2015 on the pretext of providing them monthly salary and referral income.

The directors of the firm allegedly issued fraudulent money receipts and executed fake agreements with the investors for alluring more depositors to invest in the organisation.“The directors engaged in money circulation scheme. They paid salary and referral income to new depositors from the money collected by old investors. The officials of the firm later shut down the office without paying the dues and the principal amount of the investors,” an EOW official said.

The agency had registered a case in 2015. “Bisoi and Senapati were nabbed recently and were produced at a court in Cuttack on Wednesday. We are still receiving complaints against Kalakanhu Advertising and further investigation into the matter is on,” an EOW officer said.

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