Industrialist Held For Duping Rs 4.8cr In Koraput

Koraput: A Koraput-based industrialist has been apprehended by the Economic Offence Wing (EOW) for allegedly duping Rs 4.8cr from a man of Karnataka. The arrested person has been identified as Alaga Muthu Shankar, a resident of Jeypore. He is the owner of Shankar granite Industries at Boriguma in Koraput. Reportedly, the matter came to the fore after one Jagannath Rao, a Research Personnel of Samsung Electronics of Karnataka lodge a complaint with EOW regarding the fraud. As per reports, Shankar duped Rs 4.8 crore from Rao on the pretext of film making and mines license. 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