Many international chess players, coaches and scribes of the city lodged a case with the Economic Offences Wing of the Crime Branch here on Tuesday against the fraudulent non-banking financial institution Star Yogic Resorts and leisure ltd (SYRl) headed by Triveni Mohanty.
The firm had promised to pay Rs 5,000 as monthly interest on a deposit of Rs 1 lakh. Even the company had issued a cheque in the investor’s name and told that the inventor could withdraw their money at any point of time, but later the cheques bounced.
The company is in the name of Triveni Mohanty, Ashok Rout and Sasmita Dhal. The company looted more than Rs 50 crore from the innocent investors and moving scot-free in the city, alleged an investor.
Chess stars of international repute like Debashis Das (Rs 7 lakh), Kiran Manisha Mohanty (Rs 25 lakh), Utkal Ranjan Sahu (Rs 22 lakh) and Bijaya Mohanty (Rs 3 lakh), coaches Rajendra Sahu (Rs 5 lakh), Manoj Panigrahi (Rs 8 lakh), Rajendra Sahu (Rs 5 lakh), all Odisha Chess Association secretary Vivek Tibarewal (Rs 41 lakh) and two journalists of a reputed daily vernacular newspaper Suresh Swain (Rs 8 lakh) and Gyan Ranjan Mishra (Rs 3 lakh) have also been cheated by the fraudulent company.
Earlier, the investors of SYRl had lodged complaint against the company at the Saheed Nagar police station. The police had arrested Star Consultancy CMD Triveni Mohanty, but later he was granted bail by a court.