Finance company fraud: One arrested

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Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsThe Crime Branch (CB) sleuths on Wednesday arrested Bikram Kumar Das, formerly manager of Kuber Finance’s Jatni Branch, from Puri district.The CB is on the look out for four more officials of the finance company which has shut down more than 15 years back.Kuber Finance was operational at Jatni between 1997 and 1999 and the officials did a vanishing act after collecting a huge amount of money from locals. The total amount defrauded was estimated at Rs 10 lakh.After one Anusaya Paschimakabat of Khurda lodged a complaint, a case was registered with Khurda police station in 1999 under Section 420/406/120(b)/34 of the IPC and investigation started. The case was subsequently handed over to State Crime Branch. All the accused persons had been absconding since then.During investigation a prima facie case was made out against the accused.After arresting Das, the CB produced him before the court of SDJM, Khurda.first published:January 01, 1970, 05:30 ISTlast updated:January 01, 1970, 05:30 IST
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The Crime Branch (CB) sleuths on Wednesday arrested Bikram Kumar Das, formerly manager of Kuber Finance’s Jatni Branch, from Puri district.

The CB is on the look out for four more officials of the finance company which has shut down more than 15 years back.

Kuber Finance was operational at Jatni between 1997 and 1999 and the officials did a vanishing act after collecting a huge amount of money from locals. The total amount defrauded was estimated at Rs 10 lakh.

After one Anusaya Paschimakabat of Khurda lodged a complaint, a case was registered with Khurda police station in 1999 under Section 420/406/120(b)/34 of the IPC and investigation started. The case was subsequently handed over to State Crime Branch. All the accused persons had been absconding since then.

During investigation a prima facie case was made out against the accused.

After arresting Das, the CB produced him before the court of SDJM, Khurda.