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Ex-Officer of Indian Navy arrested for multi-crore fraud

Navy

Bhubaneswar: Commissionerate of Police on Friday arrested a 58-year-old retired Navy officer for allegedly involved in an e-publishing scam that runs into crores of rupees.

The accused, Captain Nrusingha Prasad Patnaik had apparently lured hundreds of people by floating an e-book project of APS Solutions and convinced them to deposit lakhs of rupees as security deposits.

After paying the clients handsomely for a few months, the company shut down its operations and disappeared. Patnaik, who was the face of the firm, was arrested basing on complaints lodged by about 20 persons in Capital police station.

Police raided Patnaik’s Gadakana office and arrested him while three to five more persons are still on its radar.

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