Fugitive general manager held from Bengal


Intensifying its crackdown on chit fund fraudsters, the Economic Offences Wing (EOW) of Odisha arrested Rose Valley Group’s regional manager for alleged involvement in defrauding the investors to the tune of Rs 2.82 crore.

Odisha region manager of Rose Valley Group Bikramjit Bhowmik, a native of Purba Medinipur district in West Bengal, was on the run since a fraud case was registered against him in 2013. The fugitive economic offender was nabbed from Midnapore in West Bengal yesterday. He was produced before a court in Tamluk in the neighbouring state. Brought on transit remand, the accused was later today produced before the Odisha Protection of Interests of Depositors (OPID) Court at Balasore.

The Rose Valley Group of Companies, registered with the Registrar of Companies at Kolkata, had collected crores of rupees from unsuspecting and gullible depositors across Odisha, mostly in the Balasore…

Read full article at www.thestatesman.com