Bhubaneswar: The Economic Offences Wing, Bhubaneswar has arrested the Managing Director of Diya Diary Agro Processor Private Limited in connection with a fraud of Rs 100 crore. The Managing Director has been identified as Amrita Kindo.
Reportedly, Annapurna Finance Pvt. Ltd., Khandagiri has alleged MD of Sambandh Finserve Pvt. Ltd., Chandaka Industrial Estate, Chandrasekharpur, Deepak Kindo had fraudulently availed loan to the tune of Rs. 5 crores on the basis of forged documents and misappropriated the same without refunding the amount.
During the investigation, it has been revealed that both the complainant and accused Companies are registered with RBI as NBFC-MFI.
During the year-2020, the accused company approached the complainant company for a loan of Rs. 5 crores for the purpose of carrying on financial activities effectively by giving loans to different SHG and Joint Liability Groups. However, after availing of the loan/ finance, the accused company violated the terms and conditions of finance and misappropriated the amount without making a repayment. It has also been ascertained the accused company had furnished forged documents to avail the loan.
It has also been ascertained that the accused company i.e. Sambandh Finserve Pvt. Ltd. represented through its MD during the period from 2015-2020, in a similar manner had raised funds of more than Rs. 100 crores from different investors/ lenders like DCB Bank, SIDBI (Small Industries Development Bank of India), BOPA PTE Ltd. (a Singapore based Company) and DIA Vikash Capital Pvt. Ltd., etc and misappropriated the same by diverting the amounts to their sister concerns.
The present accused Amrita Kindo is the wife of Dipak Kindo and the Director of Diya Diary Agro Processor Pvt. Ltd., a sister concern of Sambandh Finserve Pvt. Ltd. During the year-2017 to 2020, out of the loan amounts availed by the accused company, an amount of Rs. 22.72 crores have been diverted to the accounts of Diya Diary Agro Processor Pvt. Ltd and misappropriated.
Ms Kalinga