A five-member team of the Economic Offences Wing (EOW) of Crime Branch on Wednesday broke open the office of Saradha Group at Puri and seized five computers and documents relating to alleged duping of investors in the district. EOW officials, with help of the local police and in the presence of a magistrate broke open the doors of the group's branch office at Badasankha here in the morning.
However, the team refused to divulge anything about the outcome of the investigation. It was reported that the EOW team has got certain materials confirming cheating of the people. The officials said they would crosscheck the documents with the statements given by the investors.
The finance company had opened its office at Puri in 2011 and engaged a number of local youths to collect deposits assuring higher interest rate than those of the nationalised banks and loans at low interest rate.
Sources said it collected over `10 crore from depositors of the district. "We are taking help of the group's agents during the investigation." an official said. Many people have submitted their bond papers issued by the group confirming receipts of money from them.
Meanwhile, many investors of the Rose Valley Group pressed the company officials here to return their money. The company officials assured them that nothing adverse would happen to their savings. PNS