Investors and agents of the Artha Tatwa (AT) Group from Brahmapur on Tuesday lodged complaints at the Economic Offence Wing (EOW) office of the Crime Branch against the company for duping them of around Rs 120 crore.
Over 100 investors along with agents complained before the EOW officials that the company cheated them by promising hefty returns and stopped paying their money. They requested the Crime Branch to give them justice and put the culprits behind the bars.The agents and investors from Ganjam, who had come with their bonds and documents, demanded the State Government to recover their money.
Meanwhile, the Commissionerate Police are interrogating AT Group chief Pradeep Sethy after bringing him in police remand.The police would produce Sethy before court on Wednesday as the remand period would be completed on that day.
On the other hand, the State Commercial Tax Department on Tuesday cancelled gold and silver trading licence of Seashore Group, Crime Branch sources said. When the Crime Branch found that the company was misusing the licence for the benefit of the company, the investigating agency recommended the Commercial Tax Department to reject the licence of the company.
Till Tuesday, the Crime Branch lodged 177 cases against 85 companies and arrested 170 persons in connection with fraud case.