Investors and agents of Saradha Realty ltd bringing allegations against company MD Sudipta Sen lodged an FIR with the police on Monday. They submitted their complaint letter to the district Collector and Superintendent of Police.
They alleged that the company has awindled about Rs 50 crore from Baleswar itself having its branch head office at the FM Square in the town. They demanded action against Sen and steps for recovery of their money. 61 people jointly submitted the letter to Collector Ranjit Mohanty, who assured them of doing the needful. The complainants said they were allured by the company’s offer of higher returns of interests than nationalised banks, besides other incentives. The company paid the maturity amounts till December last before stopping it under some plea or other.
Since April 20 this year, they found the company office in the headquarters locked.
Similarly, investors and agents of the Artha Tatwa (AT) Group of Baleswar have also lodged an FIR against the management of the company which included its CMD Pradeep Sethi, sales director Manoj Pattnayak, ATMPCSl director Jagabandhu Panda and assistant director Manindar Parmanik.
They said the company collected several crores of rupees through its 60 branches across Odisha between 2008 and 2012. About 70 per cent of the depositors have lost their principal amounts without getting maturity.
The management has disappeared from their working places and closed down all the offices across the State. They demanded action against the company and recovery of their money.
Sahadevkhunta police station IIC Manoj Rout said, “We’ll take appropriate action after going through the complaints and records.”
The investors and agents of Sardha Realty held protests in front of the Collector’s office on Monday while those of the AT Group congregated in front of the Sahadevkhunta police station to lodge their complaint.